EUROPE BEAMS: Market braces for sharp post-holidays price increase

The price of steel H-beams in Europe has already gone up this week, ahead of mills returning to the market after the New Year holiday break, with further large increases expected, sources told Fastmarkets on Wednesday January 6.

Fastmarkets’ weekly price assessment for steel beams, domestic, delivered Northern Europe, was €700-720 ($859-884) per tonne on Wednesday, up from €655-680 per tonne in the previous assessment on December 30.

The price of H-beams has jumped by $140-150 per tonne from $550-580 per tonne on December 2 following a large rise in feedstock costs in Europe and on the international market, in addition to consistently solid order...

Published

Carrie Bone

January 06, 2021

16:18 GMT

London