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). ....

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