Beam buyers await price hike announcements

Nov 08, 2012 | 03:55 PM | Frank Haflich

Tags  beams, steel, scrap, 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 (, 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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