Steel H-beam prices in Europe were unchanged this week but recent feedstock price falls have caused uncertainty which is delaying further buying activity, sources told Fastmarkets on Wednesday September 25.
Fastmarkets' price assessment for steel beams, domestic, delivered Northern Europe, was ?,?560-600 ($616-660) per tonne on September 25, unchanged week on week."The market is more than quiet. Some European mills are stopping production for some days for a week or two," a trader said.With the expectation of lower prices, many market participants have either held back from buying material, or were relying on small but frequent orders, to reduce their exposure to market fluctuations...