Steel beam price seen trending sideways
Aug 07, 2013 | 05:35 PM
| Frank Haflich
LOS ANGELES Structural steel buyers are looking for the published price of wide-flange beams to stay in place following a decline in a scrap benchmark.
This past week, AMM dropped its consumer buying price for shredded automotive scrap in the Chicago market by $10 per ton to $366 per ton (amm.com, Aug. 5). Most buyers now expect the published wide-flange beam f.o.b. mill price to remain at the current $765 per ton ($38.25 per hundredweight) for core beam sizes, unless a battle for market share flares up among producers.....
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