EUROPE BEAMS: Mills concede lower prices, buyers hold back

The price of steel H-beams in Europe moved down in the week to Wednesday September 22 after mills conceded a softening in prices following weeks of stability, sources told Fastmarkets.

Fastmarkets’ weekly price assessment for steel beams, domestic, delivered Northern Europe was €1,030-1,050 ($1,208-1,232) per tonne on Wednesday September 22, down from €1,050-1,080 per tonne from one week previously. This is the first change in the price since July 14.

"There has been a softening following scrap prices.  The October order book will be fine but slower, people were booking volumes in advance subject to price negotiation but now there is less advance...

Published

Carrie Bone

September 22, 2021

14:48 GMT

London