Nucor-Yamato, Nucor Berkeley cut beams $20/T
May 03, 2013 | 06:02 PM
| Frank Haflich
LOS ANGELES Nucor-Yamato Steel Co. and Nucor Corp.s Berkeley, S.C., mill cut their published transaction prices on beam products by $20 per ton ($1 per hundredweight) effective May 2, making the reduction virtually universal among domestic mills. Both mills attributed their moves to "market conditions."
The price cuts follow similar moves by Tampa, Fla.-based Gerdau Long Steel North America and the Columbia City, Ind.-based structural and rail division of Steel Dynamics Inc (amm.com, May 2). They establish a new published f.o.b. mill price on core wide-flange beam sizes of $765 per ton ($38.25 per cwt), down from $785 per ton ($39.25 per cwt) previously. ....
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