EUROPE SECTIONS: Market slow on poor demand as activity restarts

Prices for hollow steel sections in Europe were unchanged this week because trading remained flat despite mill restarts and the easing of some Covid-19-related lockdown restrictions, sources told Fastmarkets on Wednesday May 6.

Fastmarkets’ weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was €580-595 ($630-647) per tonne on Wednesday, unchanged week on week.
Demand in Northern and Southern Europe remained almost flat because economic activity has not yet returned to areas which have recently had lockdown measures relaxed, while industrial operations in some areas were still closed because of the Covid-19 pandemic.

The Italian market remained quiet because mills have only recently begun their return to operation, after being permitted to restart a few weeks previously. Some market sources have predicted that it...

Published

Carrie Bone

May 06, 2020

15:42 GMT

London