Gerdau holds published beam prices

Jun 04, 2013 | 06:16 PM | Frank Haflich

Tags  steel beams, steel, beams, Gerdau Long Steel North America, Nucor-Yamato, Frank Haflich

LOS ANGELES — Gerdau Long Steel North America has kicked off an expected attempt by beam producers to hold published prices at their current levels even as market participants report tepid demand and signs that discounting has become even more entrenched.

The Tampa, Fla.-based steel producer said in a June 3 letter to customers that its published prices for beams will remain unchanged effective immediately. Published f.o.b. mill prices for core beam sizes are $765 per ton ($38.25 per hundredweight) across the domestic industry. ....

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