Nucor-Yamato tacking $45/T onto beam hike

Dec 09, 2010 | 01:28 PM |

Wide-flange beam prices appear poised to rise $65 per ton in the New Year compared with early December as Nucor-Yamato Steel Co. looks to implement two separate increases.

The Blytheville, Ark.-based producer is following rivals in implementing an immediate $20-per-ton increase on all products, including piling, and plans to raise prices an additional $45 per ton Jan. 1.

AMM late last week raised its key price for shredded automotive scrap in the Chicago market by $45 per ton to $405 per ton, and Nucor-Yamato has boosted its raw material surcharge by the same amount.....

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