EUROPE SECTIONS: Market at standstill ahead of quota renewal

The price of steel hollow sections in Europe remained flat in the week to Wednesday September 15, with trading activity slowing down ahead of the imminent renewal of quarterly European import quotas, sources have told Fastmarkets.

Fastmarkets’ price assessment for steel sections (medium), domestic, delivered Northern Europe, was €1,400-1,430 ($1,654-1,689) per tonne on Wednesday, unchanged since mid-July.
Feedstock costs have fallen so far this month, with hot-rolled coil prices moving downward week on week.

Fastmarkets’ calculation of the daily steel HRC index, domestic, exw Northern Europe, was €1,095.75 per tonne on September 15, down from €1,110.83 per tonne on September 8, and €1,129.17 per tonne at the start of the month.
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Published

Carrie Bone

September 15, 2021

15:52 GMT

London