EUROPE BEAMS: Prices dip on lack of clarity over market direction

Steel H-beam prices in Northern Europe moved down this week due to uncertainty over rising feedstock costs and weak demand, sources told Fastmarkets on Wednesday November 6.

Fastmarkets’ weekly price assessment for steel beams, domestic, delivered Northern Europe, €530-560 ($588-621) per tonne on November 6, down from €540-570 per tonne on October 30. Trading levels have already begun to reduce ahead of the festive slowdown in December, with many wanting low inventories ahead of the end of the year. International scrap prices have continued to rise following a period of sustained decline in the summer, but this...

Published

Carrie Bone

November 06, 2019

16:02 GMT

London