EUROPE SECTIONS: Market weakens slightly, stocks pile up at mills [CORRECTED]

Prices of hollow steel sections in Europe fell slightly on Wednesday June 10, with stocks at mills increasing because they are trading less than they produce, sources told Fastmarkets.

Fastmarkets assessed steel sections (medium), domestic, delivered Northern Europe at €550-560 ($622-633) per tonne on Wednesday, narrowing downward from €550-570 per tonne a week earlier.
One distributor fears the third quarter of this year will be worse than the second quarter, he told Fastmarkets.

“Demand is down approximately 20% from last year. We are afraid of autumn - lots of projects are postponed and the decision [whether or not to...

Published

Carrie Bone

June 11, 2020

10:36 GMT

London