Steel beams prices in Europe remained flat in the week to Wednesday August 23, with the market muted due to the seasonally slow summer period, sources told Fastmarkets.
Fastmarkets’ weekly price assessment for steel beams, domestic, delivered Northern Europe, was €740-780 ($805-849) per tonne on Wednesday, unchanged since July 19.
Similarly, Fastmarkets’ weekly price assessment for steel beams, domestic, delivered Southern Europe, was €740-780 per tonne on Wednesday, also unchanged since July 19.
Meanwhile, scrap feedstock costs in Turkey’s bellwether market rose in the past seven days, but trading slowed due to limited steel demand in both the export and domestic markets.
Fastmarkets’ calculation of its daily index for steel scrap HMS 1&2 (80:20 mix) North Europe origin, cfr Turkey, was $365.78 per tonne on Wednesday, up by $4.52 per tonne from $361.26 per tonne on August 16.
Published by: Holly Chant
