EUROPE BEAMS: Prices jump as producers return to market

The price of steel H-beams in Europe has jumped this week, with producers returning to the market after pausing their offers ahead of the Christmas holiday break due to volatile market conditions, sources told Fastmarkets on Wednesday January 13.

Fastmarkets’ weekly price assessment for steel beams, domestic, delivered Northern Europe, was €750-770 ($912-937) per tonne on Wednesday, up from €700-720 per tonne one week before.

Producers withdrew offers from the market late in December due to the volatility of scrap prices, which led to beam prices becoming outdated within days, or even hours. When they returned in January, the situation...

Published

Carrie Bone

January 13, 2021

16:55 GMT

London