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...