EUROPE SECTIONS: Falling feedstock costs put pressure on sections prices

Prices for hollow steel sections in the European domestic market were unchanged this week although feedstock costs continued to decline, sources told Fastmarkets on Wednesday October 2.

Fastmarkets’ weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was €585-600 ($638-654) per tonne on Wednesday, flat week on week. The market continued to struggle with low demand and scarce orders, with market participants continuing to purchase only to fill their exact requirements. Costs for the feedstock material of hot-rolled coil fell for the fourth consecutive week, adding further pressure to the...

Published

Carrie Bone

October 02, 2019

16:45 GMT

London