Fastmarkets’ price assessment for steel sections (medium), domestic, delivered Northern Europe
, was €630-650 ($744-768) per tonne on Wednesday, unchanged week on week.
The price of hot-rolled coil, the feedstock for sections manufacture, remained on an upward trajectory
while the shortage of such material continued. Industry sources said that coil mills prefer to sell to the automotive sector, rather than hollow section producers.
“We expect a further [price] increase to €665 per...