European hollow sections market direction unclear because of opposing market influences

The price of steel hollow sections in Europe was stable on Wednesday November 10, caught between conflicting factors, sources told Fastmarkets.

Fastmarkets’ price assessment for steel sections (medium) domestic, delivered Northern Europe was €1,150-1,250 ($1,333-1,449) per tonne on Wednesday, unchanged week on week.

"Many are holding orders back in hope prices will drop. It's getting more and more quiet. Price is still very high - there is still some air in the price but all the signals show transport and energy [costs] increasing so I...

Published

Carrie Bone

November 10, 2021

16:59 GMT

London