Fastmarkets’ monthly price assessment for steel sections (medium) domestic, delivered Northern Europe was €710-740 ($835-870) per tonne on Wednesday, widening down by €15 per tonne from €725-740 per tonne a month earlier.
Similarly, Fastmarkets’ monthly price assessment for steel sections (medium) domestic, delivered Southern Europe was €710-740 per tonne on Wednesday, also widening down by €15 per tonne month on month from €725-740 per tonne.
Poor construction sector activity continues to weigh on demand, and regulatory uncertainty has fostered a “wait-and-see” mood among buyers, sources told Fastmarkets.
According to the European steel industry association Eurofer, the outlook will remain negative with demand forecast to decline by 0.2% to 128 million tonnes in 2025.
Still, the forecast is less bleak than previous expectations of a 0.9% decline in apparent consumption. While Eurofer forecasts a modest output increase in construction activity this year overall, significant growth in that sector is only project to return in 2026.
Meanwhile, hot-rolled coil feedstock costs rose during the month.
Fastmarkets’ daily calculation of its steel hot-rolled coil index domestic, exw Northern Europe was €581.25 per tonne on Wednesday, up by €6.04 per tonne from €575.21 per tonne a month earlier on August 18.
