EUROPE SECTIONS: Prices flat as mills struggle to pass on feedstock rises

The prices for hollow steel sections in Europe were unchanged this week with mills struggling to pass on higher feedstock costs to their customers, sources told Fastmarkets on Wednesday February 26.

Fastmarkets’ weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was €620-650 ($673-706) per tonne on Wednesday, unchanged week on week.

Despite the rising cost of hot-rolled coil, the main feedstock material, hollow section prices remained unchanged this week due to demand being reported on the lower side of normal. But one distributor did expect price increases in the approach to the summer months, which are traditionally stronger...

Published

Carrie Bone

February 26, 2020

16:32 GMT

London