EUROPE BEAMS: Prices under pressure from feedstock falls

The price of steel H-beams in Northern Europe moved down on Wednesday February 5 following a sharp drop in feedstock costs, sources told Fastmarkets.

Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was ?,?540 - 570 per tonne ($597-630) per tonne on Wednesday, down from ?,?550-580 per tonne a week earlier.
Producers had been pushing for price increases for H-beams in recent weeks, following the continued rise in feedstock prices late last year. However, those gains have now been erased, putting pressure on steel beam prices.

Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North...

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