Domestic prices for hollow steel sections in Northern Europe narrowed this week, while market participants failed to agree on the likely future direction of prices, sources told Fastmarkets on Wednesday March 27.
Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe narrowed by ?,?5 per tonne at the low end of the range on Wednesday to ?,?635-650 ($717-734) per tonne delivered, compared with ?,?630-650 per tonne delivered a week earlier."[A] price increase of maybe ?,?10 per tonne maximum will come, but with a delay," a distributor said. "Demand is quite good [and that] is the biggest reason."For many, market conditions were stable on the back of continuing good demand, while others were less positive due to a recent...