Gerdau, SDI cut beams again in unusual move

May 02, 2013 | 05:35 PM | Frank Haflich

Tags  steel, structural, beams, channels, Gerdau Long Steel, SDI, Structural and Rail division, Nucor-Yamato Frank Haflich

LOS ANGELES — Structural steel prices have become a moving target as two of the three major U.S. producers posted their second reductions in a month.

Gerdau Long Steel North America, in what most market observers viewed as an uncharacteristic downside leading move, reduced its published beam prices by $20 per ton effective May 1 due to “increasing levels of competition from both domestic and foreign producers,” the Tampa, Fla.-based producer said in a letter to customers.
Gerdau’s move was quickly followed by the Columbia City, Ind.-based structural and rail division of Steel Dynamics Inc. (SDI), which said it would drop published transaction prices on wide-flange beams and channels by $20 per ton effective May 2. ....





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