September 07, 2008

Italian H beam price to keep soaring

It is reported that the Italian market price of H beam is soaring due to robust demand and high cost of scrap and it is expected that the price will further rise during March.

The demand for H beam in Europe is very strong at present, especially in Middle Europe, France and Germany. Thus, Italian traders are positively doing bulk purchase in order to replenish their stocks. However, it is difficult time for most traders because the soaring price may not be accepted by customers at this moment.

According to estimate, mills are going to raise their prices in step for March. The base price will be soared, followed by surcharge.

(Sourced from YIEH.com)