Nucor-Yamato, Nucor boost beam prices $25/T
Mar 13, 2013 | 04:04 PM
| Frank Haflich
Tags
steel,
wide-flange beams,
Nucor-Yamato Steel,
Nucor Berkeley,
beam mill,
beam,
Nucor,
Frank Haflich
LOS ANGELES — Mills are moving to hike beam prices at a time when some are reporting significant discounting, and buyers say that it’s unclear just which trend will win out.
Nucor-Yamato Steel Co., Blytheville, Ark., and Charlotte, N.C.-based Nucor Corp.’s beam mill in Berkeley, S.C., have both reduced their beam base prices by $10 per ton and boosted their raw material surcharges by $35 per ton, resulting in a $25-per-ton net increase to April’s published transaction prices.
The actions come after AMM’s consumer buying price for shredded automotive scrap in the Chicago market, a major component of some domestic mills’ surcharges, rose last week by $35 per ton (amm.com, March 7).....
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