Fastmarkets MB’s weekly price assessment for domestic S235-grade, 200x200mm, category-2 H-beam in Northern Europe was €620-645 ($705-733) per tonne on December 5, unchanged week on week.
“Producers are announcing a considerable increase in cost so it means that beams are going to cost about €15-20 per tonne more from today,” a buyer said.
Although these producers have cited increases in their own input costs and robust demand for their output for their decision to raise prices, buyers have yet to accept.
“[But] they are going to push it through - everybody will accept it before Christmas. The fall...