Fastmarkets’ weekly price assessment for steel beams, domestic, delivered Northern Europe, was €720-760 ($770-812) per tonne on Wednesday, narrowing downward by €20 per tonne from €720-780 per tonne a week earlier.
Similarly, Fastmarkets’ weekly price assessment for steel beams, domestic, delivered Southern Europe, was also €720-760 per tonne on Wednesday, narrowing downward by €30 per tonne week on week from €720-790 per tonne.
Fastmarkets heard that mills have been pushing for prices to rise as high as €770 per tonne, but market sources said that stockholders were not accepting such increases “because [end-user] selling prices are too low.”
Meanwhile, scrap feedstock prices in the bellwether Turkish market moved up in the week after fresh bookings that came because some steelmakers were replenishing their stock levels.
Fastmarkets’ calculation of its daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, was $372.41 per tonne on Wednesday, up by $2.17 per tonne week on week from $370.24 per tonne.
Published by: Holly Chant