European steel hollow sections market falls further on weak demand

The steel hollow sections market in Europe moved downward in the week ended Wednesday May 31, on weak end-user demand and an increasingly uncertain and gloomy economic situation in Europe.

Fastmarkets’ weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was €930-960 ($994-1,026) per tonne on Wednesday, down by €5-20 per tonne from €935-980 per tonne a week...