Steel Dynamics joins beam price hike

Dec 20, 2013 | 05:09 PM | Frank Haflich

Tags  steel beams, Steel Dynamics Inc., SDI, price increase, Nucor Corp., Nucor-Yamato, Gerdau Long Steel North AMerica, Frank Haflich

LOS ANGELES — Steel Dynamics Inc. (SDI) has raised its beam price $35 per ton as producers begin to fall in line behind Nucor-Yamato Steel Co.’s earlier increase.

The Fort Wayne, Ind.-based steelmaker said it was raising its price effective with new orders after 5 p.m. Dec. 19. The hike by SDI’s Structural and Rail division, Columbia City, Ind.,....

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