EUROPE SECTIONS: Prices diverge on feedstock restrictions, higher imports

The domestic prices for hollow steel sections in both Northern and Southern Europe widened this week, with increases proposed for trading done after the summer break, sources told Fastmarkets on Wednesday July 24.

Fastmarkets’ price assessment for steel sections (medium), domestic, delivered Northern Europe, was €615-630 ($687-704) per tonne on Wednesday, widening downward from €620-630 per tonne one week earlier. One distributor said that a reduction in the price could be achieved if it were negotiated now. “Prices are not going up at the moment, maybe because of the quiet summer period. After the summer, [trading activity] will pick up,” he added. The price of hot-rolled coil (HRC), the feedstock for hollow sections production, has fallen for a fifth consecutive week. Fastmarkets’ weekly price assessment for steel HRC,...

Published

Carrie Bone

July 24, 2019

16:55 GMT

London