Steel Dynamics joins beam price hike

Nov 19, 2012 | 05:42 PM | Frank Haflich

Tags  steel, structurals, beams, SDI, Nucor-Yamato, Nucor-Berkeley, Gerdau, Frank Haflich

LOS ANGELES — Steel Dynamics Inc. (SDI) has joined a recent price hike on structural products, making the increase unanimous among major producers, while also warning that a cutoff in certain orders out of floor stock may be imminent.

SDI’s Columbia City, Ind.-based structural and rail division informed customers this week that, effective with shipments Dec. 1, it will raise wide-flange beams and channel products by $35 per ton ($1.75 per hundredweight), boosting core sizes of wide-flange beams to $780 per ton ($39 per cwt). ....

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