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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