Beam buyers left guessing on chances of hikes
Dec 09, 2013 | 05:10 PM
| Frank Haflich
LOS ANGELES Two seemingly opposed market developments last week have left structural steel buyers guessing on the chances of a price increase.
AMMs price assessment for shredded scrap in Chicago increased by $25 to $415 per ton Dec. 6. Increases in this key raw material component have helped boost prices in most long products, except for beams.
Yet on the same day, Fort Wayne, Ind.-based Steel Dynamics Inc. (SDI) cut its published structural steel price by $20 per ton ($1 per hundredweight), apparently reversing a $20-per-ton increase posted Nov. 4 (amm.com, Nov. 5). However, SDI also said it would charge customers a premium for already-rolled material on its floor as opposed to orders from scheduled rollings.....
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