EUROPE BEAMS: Market mulls change of direction

June 11, 2020 / www.metalbulletin.com / Article Link

The price for steel H-beams in Europe was unchanged on Wednesday June 10 in a stable market, while a change in market direction could be possible when monthly scrap prices are settled, sources have told Fastmarkets.

Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe was ?,?530-550 ($599-622) per tonne on Wednesday, flat week on week.

"Prices are unchanged. With everybody starting work, buying material and starting projects, it's coming back to normal but it's too premature for price increases yet. People are buying material as short as possible, with low volumes and quick lead times. When...

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