Fastmarkets’ weekly price assessment for steel beams, domestic, delivered Northern Europe
, was €530-570 ($629-677) per tonne on Wednesday, compared with €535-565 per tonne one week earlier.
“Business is still too quiet. It needs demand [if it is to show] real and reliable market conditions,” a trader said, despite the recent feedstock increases.
“In the past seven to 10 days, [beam] prices have moved up by €10 per tonne,” a second trader said.
“Scrap prices are going up, all raw materials are going up and mills do have reasonable order books. Previously, mills were delivering from...