Fastmarkets’ monthly price assessment for steel beams, domestic, delivered Northern Europe was €720-760 ($787- 830) per tonne on Wednesday, stable from the assessment on June 19.
Fastmarkets’ monthly price assessment for steel beams, domestic, delivered Southern Europe was €720-760 per tonne on Wednesday, also flat month on month.
One trader told Fastmarkets that producers had announced higher offers, but prices remained steady due to a lack of orders amid slow demand.
“The summertime, vacations and so on reduce the speed [of trade in the market] as well,“ the trader added.
Traditionally, production and trade slows during the months of July and August due to summer holidays and seasonal mill maintenance, but consumption downstream has weighed on prices and trading for much of the year.
Fastmarkets’ calculation of its daily index for steel scrap HMS 1&2 (80:20 mix) North Europe origin, cfr Turkey was $386.61 per tonne on Wednesday, up $6.30 per tonne month on month from $380.31 per tonne.
Published by: Holly Chant
