Mills aim to cut discounts on beam products
Mar 11, 2014 | 04:38 PM
| Frank Haflich
LOS ANGELES U.S. beam mills are attempting to reduce some of the largest discounts on structural steel even as they move to raise published prices, according to market sources.
Major producers this week posted $1-per-hundredweight ($20-per-ton) increases on beam products, bringing the published f.o.b. mill price on core beam sizes to $41 per cwt ($820 per ton) from $40 per cwt ($800 per ton) previously (amm.com, March 10).
But even before the published price increase was announced, mills had been moving to reduce the largest discounts in the far West, where delivered prices to larger service centersunder whats popularly called "foreign fighter" programshave reflected implied discounts of $3 per cwt ($60 per ton) or more. ....
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