EUROPE BEAMS: Competition for material strengthens prices

European steel H-beam prices increased on Wednesday June 23, with low material availability creating competition in the market, sources told Fastmarkets.

Fastmarkets’ weekly price assessment for steel beams, domestic, delivered Northern Europe, was €1,030-1,050 ($1,227-1,251) per tonne on June 23, up from €1,000-1,030 per tonne on June 16.

Some European mills were fully booked for July, and were not offering any more material until August bookings. Other mills were preparing for their usual summer maintenance...


Carrie Bone

June 23, 2021

14:15 GMT