EUROPE BEAMS: Prices narrow as mills push for increases

The price for steel H-beams in Europe narrowed on Wednesday July 8, with producers keen to test the acceptance of increases, sources have told Fastmarkets.

Fastmarkets’ weekly price assessment for steel beams, domestic, delivered Northern Europe, was €520-550 ($587-621) per tonne on Wednesday, narrowing upward from €510-550 per tonne one week before.

Producers planned to test proposed price increases of as much as €20 per tonne in the coming weeks, with the market likely to accept these because of improved demand and a possible increase in the upcoming monthly...

Published

Carrie Bone

July 08, 2020

15:42 GMT

London