Fastmarkets’ price assessment for steel sections (medium), domestic, delivered Northern Europe
was €550-560 ($617-628) per tonne on Wednesday, up from €535-550 per tonne a week earlier.
The price rise came after producers of hot-rolled coil, the feedstock material for sections, announced higher price for the material
, following several weeks of downward movements. Domestic feedstock prices had dropped sharply since the start of the Covid-19 pandemic adding pressure on the weak hollow sections market.