Domestic prices for steel beams in Europe edged down on January 16, with the market beginning to show signs of weakness, sources told Fastmarkets.
Fastmarkets MB's weekly price assessment for domestic S235-grade, 200x200mm, category-2 H-beam in Northern Europe fell by ?,?5 to ?,?620-640 ($709-723) per tonne delivered on January 16, down from ?,?620-645 per tonne on January 9."We expect lower prices so we are holding back on buying. It depends on what happens next week - whether mills are willing to move on price and how well booked they are when they take orders for February production, there...