EUROPE BEAMS: Mills cut prices after weeks of slow purchasing

Prices for steel H-beams in Europe have fallen this week, with a four week stalemate ending after mills reduced their offer prices, sources told Fastmarkets on Wednesday February 17.

Fastmarkets’ weekly price assessment for steel beams, domestic, delivered Northern Europe, was €740-760 ($898-922) per tonne on Wednesday, down from €750-770 per tonne one week earlier.
“[The cost of] scrap is again seeming to go up, which was our expectation,” a mill source said, adding that customers have been holding back and now need to book volumes.

“The severe winter weather is over and construction activity will pick up....

Published

Carrie Bone

February 17, 2021

17:33 GMT

London