Fastmarkets’ weekly price assessment for steel beams, domestic, delivered Northern Europe
, was €535-570 ($607-647) per tonne on Wednesday, unchanged week on week.
Many European market participants were now waiting for the monthly settlement for ferrous scrap, the feedstock for H-beams manufacture, to indicate market direction. This was due next week, with expectations among some market participants of an increase of €10-15 per tonne.
Typically, the European monthly prices follow the trend in international scrap prices,...