Fastmarkets’ price assessment for steel sections (medium), domestic, delivered Northern Europe
was €950-1,050 ($1132- 1,251) per tonne on April 14, up from €920-950 per tonne one week previous.
The ongoing shortage of hot-rolled coil (HRC) - the feedstock for hollow sections - has resulted in sky high prices and poor availability
, with many hollow section producers struggling to obtain the volumes they need, sources said.
One mill source...