EUROPE SECTIONS: Prices move up on continued feedstock cost rises

Hollow steel sections prices in Europe moved up again this week, with prices for hot-rolled coil feedstock material continuing to rise and EU import quotas moving closer to expiry, market sources told Fastmarkets on Wednesday January 22.

Fastmarkets’ weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was €620-640 ($688-710) per tonne on Wednesday, up from €600-630 per tonne one week earlier.

Prices are moving up because of increases in demand for sections and in the price of the HRC raw material, a distributor said. "They might keep on increasing, but €660 [per tonne] will be the maximum,” he added. “The import...

Published

Carrie Bone

January 22, 2020

18:05 GMT

London