Domestic steel beam discounts narrow

May 23, 2013 | 05:00 PM | Frank Haflich

Tags  steel, beams, nucor-yamato, gerdau long steel, imports, ABI, AIA, Frank Haflich

LOS ANGELES — Discounting has continued in the steel beam market, although the gap between actual and published prices has narrowed as $20-per-ton price cuts announced earlier in May haven’t been accompanied by corresponding lower prices on discounted large orders.

While price-cutting on beams that emerged earlier this year has continued, market sources said the discount hasn’t moved down along with the published price, leaving estimated delivered prices on larger orders at levels similar to a month ago in the neighborhood of $720 to $725 per ton ($36 to $36.25 per hundredweight) f.o.b. mill. ....

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