Prices have been flat in the past few weeks, with sentiment depressed due to slow consumption from the construction sector, according to sources.
Fastmarkets’ weekly price assessment for steel sections (medium) domestic, delivered Northern Europe was €820-890 ($879-954) per tonne on Wednesday, unchanged since January 24.
Fastmarkets’ weekly price assessment for steel sections (medium) domestic, delivered Southern Europe was €820-890 per tonne on Wednesday, also flat since January 24.
Meanwhile, hot-rolled coil feedstock costs in Europe fell in the past seven days amid slow finished steel sales.
Fastmarkets’ daily calculation of its steel hot-rolled coil index domestic, exw Northern Europe was €746 per tonne on Wednesday, down €9.38 per tonne from €755.38 per tonne a week earlier, but up by €14.75 per tonne month on month.
Published by: Holly Chant
