Beam buyers in dark on mill price discounts

Jun 13, 2012 | 04:08 PM | Frank Haflich

Tags  steel beams, steel prices, wide-flange beams, mill discounts, Frank Haflich

LOS ANGELES — A standoff has developed between some buyers of wide-flange steel beams and producers who are moving to narrow their discounts under new, reduced prices.

Major U.S. beam mills this week unanimously implemented a $30-per-ton ($1.50-per-hundredweight) reduction in published prices, after an earlier $58-per-ton cut in the benchmark AMM consumer buying price for shredded automotive scrap in the Chicago market.....

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