Prices for steel beams in Europe could come under downward pressure in the coming weeks because of waning demand, despite mills plotting further price rises, sources told Metal Bulletin on Wednesday March 14.
"Demand for beams is not strong, which means that we are selling below our budget in terms of tonnes," one Northern European distributor said.Stockholders continue to hold bloated volumes of beams due to the lack of demand from end-users, he added, leading those companies to be more aggressive about securing orders at lower prices."In our market, the problem is the...