EUROPE BEAMS: Prices fall despite feedstock cost rises

The price for steel H-beams in Europe fell on Wednesday May 6, while low demand continued to restrict market sentiment, sources have told Fastmarkets.

Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was ?,?525-560 ($570-609) per tonne on Wednesday, down from ?,?535-570 per tonne one week before.
Market participants have reported less trading activity in recent weeks, despite the restarts of some steel production units, and the easing of some lockdown measures in certain locations in Europe.
"The tonnages we have sold have been very disappointing," a distributor said.

"There has been a 30% drop in beam sales, and we have been trying to reduce stocks at the same time as sales have gone down. I buy less than...

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