Hollow steel sections prices in Europe were stable this week but lower feedstock costs and a reduced import quota limit could bring about a significant change, market participants said.
Fastmarkets MB's domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe was an unchanged ?,?635-650 ($722-739) per tonne delivered on Wednesday December 5.The hollow sections market has been affected by the falling costs in hot-rolled coil, the feedstock used for hollow sections - Fastmarkets MB's weekly price assessment for HRC in Northern Europe at ?,?530-540 per tonne ex-works on December 5 was down from ?,?550-560 per tonne ex works on November 7. Low demand, reduced trading activity coming into the end of the year and competitive import offers have weighed on the HRC market in recent weeks."Prices will now be stable...