Fastmarkets’ weekly price assessment for steel beams, domestic, delivered Northern Europe
, was €530-570 per tonne ($578-622) on Wednesday, widening downward by €10 per tonne from €540-570 per tonne a week earlier.
One market participant told Fastmarkets that the H-beam market in Europe had declined by €10 per tonne week on week.
“There is some movement downward because of the scrap [price] drop, [and] the reduction could be €20 per tonne. Demand is low and the warehouses are full...