Steel H-beam prices in Northern Europe fell back this week after a short-lived increase last week, despite mills being keen to push prices upward, sources told Fastmarkets on Wednesday July 3.
Fastmarkets' price assessment for domestic S235-grade, 200x200mm, category-2 H-beam in Northern Europe was ?,?570-605 ($644-683) per tonne delivered on July 3, down from ?,?575-610 per tonne one week earlier.The price of scrap, which is the primary feedstock for beams production, has fluctuated by as much as $20 per tonne since the start of June, due to an oversupply of...