Beam outlook flat but buyers vigilant
Jan 08, 2013 | 05:24 PM
| Frank Haflich
Tags
structural steel,
wide-flange beams,
Chicago consumer buying price,
Frank Haflich
LOS ANGELES — Structural steel buyers are expecting published mill prices for wide-flange beams to remain flat after a benchmark scrap price was unchanged, although they’re keeping an eye out for signs that some deals might emerge in the coming weeks.
This week, AMM held its consumer buying price for shredded automotive scrap in the Chicago market level with last month at $386 per ton.
“That ought to mean flat pricing,” a Midwest buyer said of the steady Chicago scrap price, noting what he said was little pressure from imports. “We certainly don’t expect an increase, and why would they (mills) lower it?” ....
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