Prices for domestic hollow sections remained largely stable across Europe this week, with market sources waiting for a clear direction in the price of hot-rolled coil (HRC).
HRC prices were expected to rise across Europe after mills including ArcelorMittal announced a hefty increase to their first-quarter offer prices at the end of last year. But prices for the flat steel material have remained steady amid sluggish demand.Despite that, Southern European hollow sections mills, keen to improve their margins when converting HRC to commodity...