EUROPE BEAMS: Prices inch up as mills continue push for increases

Steel H-beam prices in Northern Europe moved up on Wednesday November 27 with producers continuing to push for price increases, sources told Fastmarkets.

Fastmarkets’ weekly price assessment for steel beams, domestic, delivered Northern Europe, was €540-565 ($595-622) per tonne on November 27, up from €530-560 per tonne on November 20.
A European producer source said that orders were strong for European long steel products and that, despite any seasonal downturn in demand, the market is showing positive signs that a turnaround is taking place. This was evident in a €20-30 per tonne increase in prices, with further rises expected in December.

A distributor also expected...

Published

Carrie Bone

November 27, 2019

15:55 GMT

London