Beams tumble $30/T as scrap price drops

Oct 11, 2012 | 04:48 PM | Frank Haflich

Tags  Nucor-Yamato, SDI, Nucor, Gerdau Long Steel North America, wide-flange beams, beam prices, scrap prices, steel Frank Haflich

ATLANTA — Steel distributors are hoping a $30-per-ton price cut in wide-flange beams will revive a market that earlier this week was stalled as buyers awaited mills’ reactions to lower scrap tags.

Nucor-Yamato Steel Co., Blytheville, Ark., has been joined by the structural and rail division of Fort Wayne, Ind.-based Steel Dynamics Inc. (SDI) in lowering beam prices in the wake of a $47-per-ton drop in AMM’s consumer buying price for shredded automotive scrap in the Chicago market, used to determine some mills’ raw material surcharges. Nucor Corp.’s Berkeley,....





Latest Pricing Trends

Poll

Is severe weather affecting your business?

Yes
No


View previous results

AMM Events