Fastmarkets’ weekly price assessment for steel beams, domestic, delivered Northern Europe
, was €510-550 ($576-621) per tonne on Wednesday, widening downward from €520-550 per tonne a week earlier.
Feedstock prices have remained steady in recent weeks, and some producers said that they were looking to test price increases of as much as €20 per tonne in the coming weeks, although some market sources doubted that they would succeed.
“The mills are not fully booked [because] there is not much going on at the moment,” a trader said.
“[Construction] projects are on hold, [which is] disturbing the market. It’s company policy now to have stocks as low as...