EUROPE SECTIONS: Prices follow trend of HRC feedstock increases

Prices for steel hollow sections in Europe moved up in the week to Wednesday March 24 after mills sought to pass on higher feedstock costs, sources have told Fastmarkets.

Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?890-920 ($1,058-1,094) per tonne on Wednesday, up from ?,?860-890 per tonne the previous week.
The price of hot-rolled coil (HRC), the feedstock for sections manufacturing, has continued to rise, increasing by ?,?80 per tonne over the past month while the material shortage continues.

One hollow sections producer said that higher prices...

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