EUROPE SECTIONS: Market widens as mills seek orders

The price of hollow steel sections in Northern Europe widened on Wednesday July 8 with mills seeking to fill their order books before the seasonal summer slowdown, sources have told Fastmarkets.

Fastmarkets’ price assessment for steel sections (medium), domestic, delivered Northern Europe, was €540-560 ($610-632) per tonne on Wednesday, widening downward from €550-560 per tonne a week earlier.
Feedstock costs have begun to inch upward after dropping sharply during the Covid-19 pandemic, with price increases being announced in June.

Fastmarkets’ daily steel hot-rolled coil index, domestic, exw Northern Europe, was €404 per tonne on July 8, up from €394.37 per tonne two weeks earlier, but still sharply down from €472.50 per tonne at the start of the financial year on April 1.


Carrie Bone

July 08, 2020

17:28 GMT