Mills raise beam prices amid delivery disruptions
Mar 10, 2014 | 04:16 PM
| Frank Haflich
LOS ANGELES A $20-per-ton increase on structural steel stands a good chance of stickingat least for the time being, and despite a drop in a key scrap pricedue as much to recent delivery disruptions as to any improvement in beam consumption, market sources said this week.
Nucor-Yamato Steel Co., Blytheville, Ark., raised prices for wide-flange, standard and H-pile beam products by $1 per hundredweight ($20 per ton) effective immediately, the company said in a March 7 letter to customers. All confirmed orders as of the close of business March 7 will be price protected if shipped before April 7.
Nucor Corp.s Berkeley, S.C., beam division said it implemented the same increase on beams, while Tampa, Fla.-based Gerdau Long Steel North America announced a $20-per-ton hike in transaction prices for beams and H-piles effective March 10.....
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