EUROPE SECTIONS: Market widens as mills seek orders

The price of hollow steel sections in Northern Europe widened on Wednesday July 8 with mills seeking to fill their order books before the seasonal summer slowdown, sources have told Fastmarkets.

Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?540-560 ($610-632) per tonne on Wednesday, widening downward from ?,?550-560 per tonne a week earlier.
Feedstock costs have begun to inch upward after dropping sharply during the Covid-19 pandemic, with price increases being announced in June.

Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was ?,?404 per tonne on July 8, up from ?,?394.37 per tonne two weeks earlier, but still sharply down from ?,?472.50 per tonne at the start of the financial year on April 1.
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