Low demand drags down steel hollow sections prices, HRC costs dive down

Steel hollow sections prices dipped down sharply in northern and southern Europe, amid plunging hot-rolled coil feedstock prices and very weak demand, sources said.

Fastmarkets’ weekly price assessment for steel sections (medium) domestic, delivered Northern Europe was €935-980 ($1,007- 1,055) per tonne on Wednesday May 24, widening downward by €35 per tonne from €970-980...