Beam market withstands drop in scrap price

Feb 18, 2014 | 05:46 PM | Stacy Irish

Tags  steel beams, beam prices, scrap, scrap prices, shredded scrap, construction, Frank Haflich

LOS ANGELES — Structural steel prices appear to be withstanding the challenge of lower scrap prices, but it’s 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 AMM’s consumer buying price for shredded automotive scrap in the Chicago market (, Feb. 7), most market sources said they’ve 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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