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...