EUROPE BEAMS: Prices move down in weak market

Steel H-beam prices in Northern Europe moved downward this week in soft trading, sources told Fastmarkets on Wednesday June 12.

Fastmarkets’ price assessment for domestic S235-grade, 200x200mm, category-2 H-beam in Northern Europe was €575-605 ($651-685) per tonne delivered on Wednesday, down from €585-615 per tonne delivered on June 5.
One market participant reported that buyers were hesitant and that order books were not filled, so prices were being reduced to bring in orders.

One trader told Fastmarkets that if current expectations for scrap...


Carrie Bone

June 12, 2019

16:18 GMT