EUROPE SECTIONS: Trading volumes reduced by public holidays

Prices for hollow steel sections in Europe were unchanged this week due to various public holidays reducing the amount of trading activity, sources told Fastmarkets on Wednesday June 3.

Fastmarkets’ weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was €550-570 ($614-636) per tonne on Wednesday, unchanged week on week.
The market was quiet this week due to public holidays on Monday and Tuesday in many European countries.

“All European mills will reduce their prices in August when the new imports come in,” a distributor said. “I’ve heard the new import quotas will be 50% down. Domestic demand...


Carrie Bone

June 03, 2020

16:35 GMT