Steel beam buyers forecast flat prices

Apr 06, 2012 | 04:16 PM | Frank Haflich

Tags  wide-flange beams, steel prices, scrap, Frank Haflich

LOS ANGELES — Steel beam buyers expect U.S. mills to keep their published prices flat this month despite a slight dip in a benchmark scrap price, they said.

AMM this past week lowered its consumer buying price for automotive shredded scrap in the Chicago market—used as the basis for some mills’ raw material surcharges—by $10 per ton to $430 per ton (AMM, April 6).....

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