EUROPE BEAMS: Holiday period keeps market on pause

The price of steel H-beam prices in Europe were unchanged again on Wednesday August 5 due to the summer holiday period in the continent keeping trading levels low, sources told Fastmarkets.

Fastmarkets’ weekly price assessment for steel beams, domestic, delivered Northern Europe was €530-560 ($624-659) per tonne on Wednesday, unchanged week on week.

Producers have been keen to achieve price increases of up to €20 per tonne ahead of the seasonal slowdown during the summer months on improving demand and increasing feedstock costs, Fastmarkets heard. Although much of the European market has taken...

Published

Carrie Bone

August 05, 2020

16:18 GMT

London