EUROPE SECTIONS: Prices flat despite falling feedstock costs

Prices for hollow steel sections in Northern and Southern Europe were unchanged this week even as feedstock costs continued to fall, market sources told Fastmarkets on Wednesday October 30.

Fastmarkets’ weekly price assessment for steel sections (medium), domestic, delivered Northern Europe was €560-580 ($621-644) per tonne on Wednesday, unchanged week on week.  “We have adjusted our prices downward, I don’t think it’s making that much difference, it hasn’t encouraged a tsunami of business or even a gentle wave. It’s a tough situation with high stocks and chasing prices downward in a non-existent market, but we are fairly...

Published

Carrie Bone

October 30, 2019

17:40 GMT

London