Gerdau beam price increase seen as challenge

Nov 04, 2013 | 05:52 PM | Frank Haflich

Tags  steel beams, beam prices, wide-flange beams, standard beams, Gerdau Long Steel North America, Nucor-Yamato Steel, Steel Dynamics, Structural and Rail division Commerce Department

LOS ANGELES — Gerdau Long Steel North America has launched the first attempt by a U.S. mill to boost beam prices in more than six months, but buyers see a challenge ahead in breaking a five-month logjam in published and transactional tags.

Gerdau Long Steel North America told customers late last week it would raise the transaction price of beams by $20 per ton ($1 per hundredweight) effective with orders placed Nov. 4. Confirmed orders made by the close of business Nov. 1 will be price-protected if shipped by Nov. 15, the Tampa, Fla.-based producer said.....

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