EUROPE BEAMS: Producers confident on push for higher prices

The price for steel H-beams in Europe has remained stable over the past week, but producers remained confident that further price increases could be achieved before the Christmas holiday break, sources told Fastmarkets on Wednesday December 2.

Fastmarkets’ weekly price assessment for steel beams, domestic, delivered Northern Europe, was €550-580 ($660-696) per tonne on Wednesday, unchanged week on week.

“We need to buy before Christmas and are in negotiations,” a distributor said. “We don’t see any weakness at all. It’s a really tough for market for everybody and mills that are buying scrap will not get the price they want. It’s very difficult to pass this on to the...

Published

Carrie Bone

December 02, 2020

15:27 GMT

London