EUROPE SECTIONS: Market quiet on post-holiday lull

The prices for steel hollow sections in Europe have remained unchanged over the past week, with many market participants still on their Christmas and New Year holidays, sources told Fastmarkets on Wednesday January 6.

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...


Carrie Bone

January 06, 2021

19:45 GMT