Beam, bar markets eye mills, await rebound
Aug 07, 2012 | 05:39 PM
| Frank Haflich
Tags
beam prices,
merhcant bars,
structural products,
Nucor,
Nucor-Yamato Steel,
scrap prices,
Frank Haflich
LOS ANGELES — Most buyers of bar and structural products have just one question on their minds after this week’s $83-per-gross-ton increase in a benchmark scrap price: How much of a hike will producers seek?
The vast majority of buyers expect this week’s boost in AMM’s consumer buying price for shredded automotive scrap in the Chicago market—to $410 per ton from $327 for July—to set the stage for higher published prices after a recent series of large cuts.....
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