Beam prices hold steady, buyers still cautious

Oct 18, 2013 | 09:18 AM | Frank Haflich

Tags  steel, beams, wide-flange beams, beam prices, Frank Haflich

LOS ANGELES — Structural steel pricing has remained flat for the fifth consecutive month as buyers saw nothing that would suggest a change in wide-flange beams.

"There’s been zero movement" in pricing during the past month, one Midwest distributor said, noting that published and transaction prices have held steady.

Published f.o.b. mill prices on core sizes of wide-flange beams have remained at $765 per ton ($38.25 per hundredweight) since May. However, discounts on a delivered basis have ranged from $40 to $60 per ton, depending on local market conditions and the size of the buyer, according to market sources. While some of these discounts are viewed as foreign-fighter offers, especially on the coasts, price cutting has....

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