Beam market withstands drop in scrap price
Feb 18, 2014 | 05:46 PM
| Stacy Irish
LOS ANGELES Structural steel prices appear to be withstanding the challenge of lower scrap prices, but its still far from clear whether the five-and-a-half-year slump in the beam market is over.
Despite a recent $30-per-ton drop in AMMs consumer buying price for shredded automotive scrap in the Chicago market (amm.com, Feb. 7), most market sources said theyve seen no decline in beam prices. But while published f.o.b. mill prices remain firm, discounts on delivered beams continue to vary widely, depending on the regional market.....
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