Nucor-Yamato ups ante in beam tag cut (UPDATE)

Jun 08, 2012 | 06:19 PM | Frank Haflich

Tags  steel beams, gerdau, nucor-yamato, frank haflich

LOS ANGELES — An unusually large drop in a benchmark scrap price appears to have rendered an initial cut in the published price of steel beams inadequate, with Nucor-Yamato Steel Co. acting quickly to account for a new market reality.

Nucor-Yamato on Friday dropped its raw materials surcharge by $58 per ton and raised its base prices by $28 per ton, resulting in a net reduction in its published transaction prices of $30 per ton ($1.50 per hundredweight). This would bring the published price on core wide-flange beam products to $40.50 per cwt.....

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