Fastmarkets’ weekly price assessment for steel sections (medium), domestic, delivered Northern Europe
, was €560-580 ($617-639) per tonne on Wednesday, unchanged week on week.
Producers of hot-rolled coil (HRC), the feedstock material for hollow sections production, have raised their offer prices
in recent days due to production cuts by some companies, as well as last week’s announcement by ArcelorMittal that it was pulling out of the deal to purchase Italian flat steel maker Ilva
ArcelorMittal’s move followed...