Prices for hollow steel sections in the domestic European market have remained stable this week but some market participants were preparing to adjust their prices downward after a decline in feedstock prices, Fastmarkets heard on Wednesday October 24.
Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe remained stable week on week at ?,?660-670 ($757-768) per tonne delivered on October 24."The mills are still keeping prices the same. Demand is good for us. I do not think the EU import quota limit will be reached this year because buying will be down in December due to the festive holiday season," a trader said."If prices come down by another ?,?10 per tonne, that will not be a problem for us, but lower...