Sources said market sentiment was depressed and demand poor, with “no light at the end of the tunnel for 2025”.
Fastmarkets’ monthly price assessment for steel sections (medium) domestic, delivered Northern Europe was €740-790 ($781- 834) per tonne on Wednesday, widening downward by €10 per tonne from €750-790 per tonne a month earlier.
Similarly, Fastmarkets’ monthly price assessment for steel sections (medium) domestic, delivered Southern Europe was €740-790 per tonne on Wednesday, widening downward by €10 per tonne from €750-790 per tonne a month earlier.
“The market has been too quiet recently. Customers buy only what they need and nothing more,” a distributor source based in Germany told Fastmarkets.
Meanwhile, hot-rolled coil feedstock costs moved up in the month amid limited trading, with mills in northern Europe having already sold out their December-delivery material and Italian mills targeting higher market levels.
Fastmarkets’ daily calculation of its steel hot-rolled coil index domestic, exw Northern Europe was €561.67 per tonne on Wednesday, rising by €8.54 per tonne from €553.13 per tonne a month earlier.
Published by: Holly Chant
