Beam resale tags don’t mirror mill hikes

Dec 29, 2008 | 11:16 AM | Frank Haflich

Mill prices for wide-flange beams might be due to rise with the New Year, but the resale market still doesn't reflect the increase.

Nucor-Yamato Steel Co., Blytheville, Ark., earlier this month said it would increase its raw materials surcharge by $70 per ton in January but reduce its base price by $35 per ton, resulting in a $35-per-ton net increase in the transaction price (AMM, Dec. 16). The increase, which was followed by other major producers, came on the heels of price cuts of more than $280 per ton in the preceding six weeks and put the price of the most popular range of beams at $904 per ton ($45.20 per....

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