Steel beam discounting spreads
Apr 30, 2013 | 10:18 AM
| Frank Haflich
LOS ANGELES Discounts on structural steel in the form of "foreign fighter" prices, ostensibly aimed at imports, appear to be picking up in certain markets, especially on the West Coast.
Earlier this month, domestic producers cut published beam prices by $20 per ton to $785 per ton ($39.25 per hundredweight) f.o.b. mill on most core sizes from $805 per ton ($40.25 per cwt) previously (amm.com, April 12) following a $22-per-ton cut in AMMs consumer buying price for shredded automotive scrap in the Chicago market, a key component in some mills raw material surcharges. ....
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