Beam buyers wait as scrap prices fall

Oct 09, 2012 | 03:56 PM | Frank Haflich

Tags  steel beams, scrap benchmark, Frank Haflich

ATLANTA — U.S. steel mills must follow up quickly on this week’s fall in a benchmark scrap price in order to free up a "frozen" market for wide-flange beams, buyers said.

AMM’s consumer buying price for shredded automotive scrap in the Chicago market has fallen to $335 per ton for October deliveries, down $47.....

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