Growing imports muddy outlook for beam pricing
Mar 11, 2013 | 03:43 PM
| Frank Haflich
Tags
steel beams,
wide-flange beams,
steel,
beams,
South Korea,
West Coast,
Gulf Coast,
Frank Haflich
LOS ANGELES — An increase in wide-flange beam imports has brought about the reemergence of so-called “foreign-fighter pricing” by domestic mills, complicating any effort to determine what effect a significant rise in benchmark scrap prices has had on steel beam prices.
AMM raised its consumer buying price for automotive shredded scrap in the Chicago market $35 per ton to $412 per ton last week, setting off speculation that beam mills would try to raise published beam prices for April after holding them steady for the past four months (amm.com, March 7). Despite a $9-per-ton cut in shredded Chicago scrap last month, domestic beam producers kept the f.o.b. mill price on most....
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