EUROPE BEAMS: Prices dip on cautious buying

The price for steel H-beams in Northern Europe narrowed on Wednesday May 20 with an ongoing lack of demand restraining the volumes that market participants are willing to buy, sources told Fastmarkets.

Fastmarkets’ weekly price assessment for steel beams, domestic, delivered Northern Europe was €530-550 ($579-601) per tonne on Wednesday, narrowing from €525-560 per tonne one week previous.
Despite a recent uptick in European feedstock prices, the persistent weak demand in the market is keeping prices for H-beams subdued, sources said.

“Prices are under...

Published

Carrie Bone

May 20, 2020

15:15 GMT

London