Beam prices shaky as scrap benchmark falls

Apr 08, 2013 | 10:42 AM | Frank Haflich

Tags  steel beams, beam prices, wide-flange steel beams, shredded scrap, Frank Haflich

LOS ANGELES — Wide-flange steel beam published prices are facing increased pressure as distributor resale tags appear to be coming under renewed assault following a drop in a key scrap barometer.

AMM last week lowered its consumer buying price for shredded automotive scrap in the Chicago market—a major component of some mills’ raw material surcharges—to $390 per ton ($19.50 per hundredweight), a $22 decline from the previous month and a reversal of March’s $35-per-ton gain (, April....

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