Domestic prices for steel beams have inched down across Europe although market participants expect to see mills raise their offer prices in the coming week after ferrous scrap prices increased.
Prices for ferrous scrap in Italy increased by ?,?30 ($37) per tonne in March, while those in Germany rose by around ?,?20 per tonne."I expect to see some movement [in prices] because these guys can't keep rolling [steel] at these [price] spreads,"...