EUROPE SECTIONS: Uncertainty keeps prices flat, market plans next move

Steel hollow sections prices in the European domestic market remained unchanged this week, with many market participants uncertain about whether to order now or wait until there is more clarity, sources told Fastmarkets on Wednesday September 18.

Fastmarkets’ weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was €585-610 ($646-673) per tonne on Wednesday, unchanged week on week.
Feedstock costs moved down for the second consecutive week, putting pressure on the hollow sections market, which is experiencing weak demand.
Fastmarkets' price assessment for steel hot-rolled coil domestic, exw Northern Europe, was €460-465 per tonne on Wednesday, down from €465-475 per tonne a week ago.

Sources told Fastmarkets...


Carrie Bone

September 18, 2019

17:42 GMT