EUROPE BEAMS: Prices fall as stockholders undercut mills to reduce inventory

Prices for domestically manufactured steel beams across Europe decreased by €10 per tonne this week with stockholders offering lower prices to reduce their “bloated” inventory levels, sources told Metal Bulletin.

Demand has decreased in the market since the start of the year, leading to disappointing sales volumes for companies supplying beams. This situation has forced some firms to offer material at lower prices.

“We are seeing really low prices from our competitors. They want every tonne available in the market,” one stockholder said on Wednesday February...

Published

Lee Allen

March 01, 2018

13:19 GMT

London