Scrap driving beam hike of $25 a ton for January
Dec 17, 2007 | 07:41 AM
| Frank Haflich
Buyers of wide-flange beams are being prepared for still-higher prices following a New Year's hike that's being driven largely by higher scrap costs.
Nucor-Yamato Steel Co., Blytheville, Ark., said last week it will raise its raw material surcharge for structurals by $35 to $153 a ton, effective Jan. 1, although it will reduce its base price by $10 a ton, resulting in "a net transaction price increase" of $25 a ton. The increase will raise the f.o.b. mill price of one benchmark product, 8-inch by 18-pound-per-foot beams, to $812 a ton ($40.60 per hundredweight). ....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.