EUROPE BEAMS: Mills seek higher prices on rising feedstock costs

Steel mills in Europe are looking to increase prices for steel H-beams in the coming weeks, sources told Fastmarkets during the latest pricing session on Wednesday March 3.

ArcelorMittal this week announced a minimum of €30 ($36) per tonne increase for beams, citing the rising cost of feedstock.
Fastmarkets’ daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey was $450.49 per tonne on March 2, up from $381.84 per tonne on February 9.

“The market fundamentals have not changed, the scrap drop...

Published

Carrie Bone

March 03, 2021

14:23 GMT

London