Prices for hollow steel sections in the domestic European market were unchanged week on week on Wednesday February 27, but increases in hot rolled coil (HRC) prices will soon have a knock-on effect, market sources told Fastmarkets.
For the second time in less than a month, ArcelorMittal has announced a ?,?30-per-tonne ($34) price increase for its European coil steel products and while this has not been achieved in full, HRC prices in Southern Europe have risen over February.Fastmarkets' weekly price assessment for domestic HRC in Southern Europe was at ?,?485-510 ($551-580) per tonne ex-works on February 27, up from ?,?450-480 per tonne ex-works on February 6. Prices for Northern Europe HRC have not risen past ?,?520 per tonne ex works...