EUROPE BEAMS: Prices inch down on low demand, high stocks

Steel H-beam prices in Southern Europe went down over the past week due to weaker demand, higher stock levels and falling feedstock costs, sources told Fastmarkets on April 3.

Fastmarkets’ weekly price assessment for domestic S235-grade, 200x200mm, category-2 H-beams in the Southern European domestic market went down by €5 per tonne on Wednesday to €625-640 ($700-717) per tonne delivered, from €630-645 per tonne delivered one week earlier. “Demand is down and I do not believe that we will have a great April. Daily demand will be on a lower level for stockholders,” a trader said. One European producer source reported that demand was stable but described buying activity as cautious, with market participants holding...

Published

Carrie Bone

April 03, 2019

17:45 GMT

London