EUROPE SECTIONS: Market falls again but demand set to rise on construction restarts

The price of steel hollow sections in Europe continued to move downward on Wednesday June 24 with the market remaining weak, sources have told Fastmarkets.

Fastmarkets’ price assessment for steel sections (medium), domestic, delivered Northern Europe, was €535-550 ($604-621) per tonne on Wednesday, down from €540-560 per tonne tonne a week earlier.

“Prices are slightly lower but demand is picking up rapidly now there are no [Covid-19 lockdown] measures any more, although there are slight delays to construction,” a distributor said. “The price increase for hot-rolled coil [HRC,...

Published

Carrie Bone

June 24, 2020

16:45 GMT

London