EUROPE SECTIONS: Prices flat on uncertainty about new import quotas
Domestic prices for hollow steel sections in Northern and Southern Europe remained flat this week on a lack of trading, resulting from uncertainty about the region’s new import quotas, sources told Fastmarkets on Wednesday July 3.
Fastmarkets’ domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe
was €630-640 per tonne ($711-722) per tonne delivered on Wednesday, unchanged week on week.
Market participants previously reported uncertainty in the market ahead of the renewal of the import quotas on July 1. This came...