EUROPE BEAMS: Prices inch down after unexpected fall in feedstock costs

The price for steel H-beams in Europe moved down Wednesday June 17, after feedstock costs in the region were settled lower than expected, sources told Fastmarkets.

Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was ?,?520-550 ($587-621) per tonne on Wednesday, down from ?,?530-550 per tonne a week earlier.
"The [beam] price is slightly lower this week due to demand at mills. We hope to push prices slightly down. The [Covid-19] crisis is almost over, everyone needs to increase stock, otherwise we cant support customers," a distributor said. "Sentiment is getting better and better each day. But everyone is expecting price drops and holding back from ordering.

"Mills...

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