EUROPE SECTIONS: Rising feedstock costs push up prices

Prices for hollow steel sections in Europe moved up this week following a prolonged upward trend in the cost of the hot-rolled coil used as feedstock, sources told Fastmarkets on Wednesday November 11.

Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?640-660 ($756-780) per tonne on Wednesday, up from ?,?630-650 per tonne one week earlier.
The price of hot-rolled coil has sustained its uptrend on tight supply, leaving section mills scrambling to find the required volumes.

Fastmarkets' daily steel HRC index, domestic, exw Northern Europe was ?,?524.50 per tonne on November 11, up by ?,?19.39 per tonne from ?,?505 per tonne...

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