Beam buyers await price hike announcements
Nov 08, 2012 | 03:55 PM
| Frank Haflich
NEW YORK Wide-flange steel beam buyers are awaiting new price announcements in the wake of a hike in a scrap benchmark that they expect will trigger a reversal of two months of declining tags.
AMM this week raised its consumer buying price for automotive shredded scrap in the Chicago market by $52 per ton to $387 per ton (amm.com, Nov. 7). This rebound follows two months of declines for the key raw material, which saw prices fall a total of $75 per ton during that period.....
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