Beam price firming may draw imports

Apr 21, 2014 | 05:41 PM | Frank Haflich

Tags  wide-flange beams, Nucor-Yamato Steel, Frank Haflich

LOS ANGELES — Firmer wide-flange beam pricing has raised speculation that more increases could loom and that imports could become more attractive.

New business is now being quoted at the published March price of $820 per ton ($41 per hundredweight) f.o.b. mill for core sizes of wide-flange beams, not including competitive freight equalization programs or so-called corporate discounts involving all steel product purchases, most distributors said.

Moreover, the resale market, which has resisted rising prices, has shown some recovery.

"We’re starting to see some better pricing on the street," one Western distributor said, estimating that the last of the "foreign fighter" discounts will be gone by May.....

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