Fastmarkets’ monthly price assessment for steel beams, domestic, delivered Northern Europe was €780-790 ($824- 834) per tonne on Wednesday, up by €20-30 per tonne from €750-770 per tonne a month earlier.
Similarly, Fastmarkets’ monthly price assessment for steel beams, domestic, delivered Southern Europe was €780-790 per tonne on Wednesday, up by €20-30 per tonne month on month from €750-770 per tonne.
Sources told Fastmarkets that they had heard transactions booked at higher levels amid reduced offers, with some producers said to be fully booked for December and “out of the market”.
Fastmarkets also heard that producers often target higher prices in November to “pull in the last available tonnage for this year and start January with a high price”.
Market participants said that there was “little difference” in pricing between domestically delivered material in northern Europe versus southern Europe.
despite the market moving up in the month, sentiment was depressed in Europe’s beams market with a gloomy and uncertain outlook for 2025.
Scrap feedstock costs in Turkey’s bellwether market fell in the month due to poor long steel sales in the country’s domestic and export markets, as well as softening steel prices.
Fastmarkets’ calculation of its daily index for steel scrap HMS 1&2 (80:20 mix) North Europe origin, cfr Turkey was $347.20 per tonne on Wednesday, down $19.83 per tonne month on month from $367.03 per tonne on October 21.
Published by: Holly Chant
