Prices for domestic hollow steel sections produced and delivered in Northern and Southern Europe rose this week on higher costs for hot rolled coil, sources told Metal Bulletin on Wednesday September 5.
Metal Bulletin's domestic price assessment range for commodity-size, grade-S235 square hollow sections made in Northern Europe narrowed upward to ?,?650-670 ($753-776) per tonne delivered on September 5, compared with ?,?640-670 per tonne on August 29.Mills in Germany are currently offering material at ?,?680 per tonne, but this price level has not yet been accepted, sources said."Demand is picking up after the holidays, but the market trend is not that clear for pipe and tube producers," one distributor in Northern Europe said."The mills want to raise prices further...