Shredded scrap’s rise could help steady beams

Jan 13, 2014 | 05:49 PM | Frank Haflich

Tags  steel beams, beam prices, long steel products, shredded automotive scrap, Nucor-Yamato Steel, Frank Haflich

LOS ANGELES — Rising prices for shredded automotive scrap, a key raw material for structural steel, could stabilize steel beam prices at their recent higher level, but there’s little agreement that it will spur another beam increase.AMM’s consumer buying price for shredded automotive scrap in Chicago rose to $438 per ton last week (amm.com, Jan. 10) from $415 previously. It follows a $20-per-ton rise in December.....





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