Domestic prices for steel beams in Europe are predicted to increase over the coming weeks while demand levels and ferrous scrap prices stay firm, market sources told Metal Bulletin on Wednesday January 10.
Domestic prices have been unchanged since the end of last year, with the material trading at historic high prices.Mills are hoping to raise prices even higher, however, and one Northern European producer source told Metal Bulletin that he is planning to raise offer prices for February rolling by ?,?20-30 ($24-36) per tonne."Scrap is going up and demand is strong, so prices will be going up further," he said."Now people are back [after the...