Fastmarkets’ price assessment for steel sections (medium), domestic, delivered Northern Europe
, was €800-820 ($982-1,007) per tonne on Wednesday, unchanged from the previous assessment.
Many hollow sections producers withdrew from the market ahead of the Christmas holiday break and have not yet begun to offer new quotes to customers. Before the break, producers were struggling to source the necessary volumes of hot-rolled coil feedstock because of surging prices amid supply tightness.
Fastmarkets’ daily steel hot-rolled coil index, domestic, exw Northern Europe, was €666.67 per tonne on January 6, rebounding to the same...