EUROPE SECTIONS: Prices slip as market remains weak

Prices for hollow steel sections in Europe moved downward this week, with demand not yet showing any sign of rebounding, sources told Fastmarkets on Wednesday April 29.

Fastmarkets’ weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was €580-595 ($629-645) per tonne on Wednesday, down from €585-600 per tonne one week before.
Demand in Northern and Southern Europe was still minimal while construction sites and other projects remained closed because of the continuing Covid-19 pandemic lockdown measures in the region.
The Southern European market remained weak, with demand not yet returning even though Italian mills have been given permission to restart production in recent weeks, and to deliver material to fulfil existing orders.

Sources told Fastmarkets that mills were offering material at pre-shutdown prices, and the poor demand...


Carrie Bone

April 29, 2020

17:57 GMT