EUROPE BEAMS: Prices flat but sentiment turns sour

Steel H-beam prices in both Northern and Southern Europe were unchanged this week but sentiment was negative due to the low levels of demand, sources told Fastmarkets on Wednesday June 5.

Fastmarkets’ price assessment for domestic S235-grade, 200x200mm, category-2 H-beam in Northern Europe was unchanged week on week at €585-615 ($658-692) per tonne delivered on Wednesday. One European mill was hoping to raise offer prices on long steel products, but market participants were sceptical about whether this would be successful, claiming that the current conditions did not support such a move. One market participant said that the market was showing weak demand and high stocks, which...

Published

Carrie Bone

June 05, 2019

17:30 GMT

London