Prices for hollow steel sections in Northern Europe moved down this week following falls in feedstock prices, market participants told Fastmarkets MB.
Fastmarkets MB's domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe was ?,?635-650 ($718-735) per tonne delivered on Thursday November 28, down from ?,?640-660 per tonne delivered on November 21.There have been no price moves in the hollow sections market in Europe in November until this past week despite the continued fall in feedstock prices since the start of fourth quarter.Fastmarkets MB's weekly price assessment for domestic hot-rolled coil (HRC) in Northern Europe, the feedstock used for hollow sections, was ?,?540-550 per tonne ex-works as of November 28, down from ?,?560-575 per...