EUROPE SECTIONS: Finished steel follows feedstock price falls

Domestic prices for hollow steel sections in both Northern and Southern Europe moved down this week following continued feedstock price decreases and lackluster demand, sources told Fastmarkets on Wednesday May 1.

The market has been quiet this week, largely due to the May 1 public holidays in many European countries, but also because of the previous slowdown for the Easter break across the continent. “Prices are under pressure and they have moved down on the lower coil [values]," a distributor said. “But we hope the market gets busy [soon], as it’s too quiet." Hollow sections had, until this week, managed to avoid feedstock-related price falls, but the the most recent price assessment shows that a lack of good demand has led to a downturn. Fastmarkets’ domestic price assessment for commodity-size, grade-S235...

Published

Carrie Bone

May 01, 2019

17:12 GMT

London