EUROPE SECTIONS: Prices continue to drop while market awaits further falls

Prices for hollow steel sections in Europe dipped further this week with buyers rejecting current offer prices, sources told Fastmarkets on Wednesday May 20.

Fastmarkets’ weekly price assessment for steel sections (medium), domestic, delivered Northern Europe was €560-580 ($612-634) per tonne on Wednesday, down from €580-590 per tonne one week previous.

“We are not buying, domestic prices are too high, they must be lower. When domestic prices come down, demand will come; people are holding back orders. Our stock level is ok so we can sit it out, there...

Published

Carrie Bone

May 20, 2020

16:15 GMT

London