Beam buyers brace for possible price cuts
Feb 08, 2013 | 03:26 PM
| Frank Haflich
Tags
steel,
wide-flange beams,
beam prices,
beam reductions,
beam imports,
Frank Haflich
LOS ANGELES — Pressure is building on structural steel mills to lower the published price of wide-flange beams in the wake of what normally might not be a large enough fall in a key scrap benchmark to trigger a cut, market sources said this past week.
Talk of lower beam prices comes on the heels of AMM reducing its consumer buying price for shredded automotive scrap in Chicago—often used in mills’ raw material surcharges—by $9 per ton to $377 per ton (amm.com, Feb. 7).....
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