Gerdau’s beam price hike seen as first step

May 12, 2014 | 05:49 PM | Frank Haflich

Tags  steel, steel beams, Gerdau Long Steel North America, Nucor-Yamato, Nucor, beam prices, Steel Dynamics, SDI Frank Haflich

LOS ANGELES — Gerdau Long Steel North America’s move to increase transaction prices on beam products by $20 per ton ($1 per hundredweight) is seen as the first step in what most buyers believe will be a gradual move to raise published prices on this key structural steel product.

Tampa, Fla.-based Gerdau said it will raise transaction prices on beam products effective with June 2 shipments, bringing the f.o.b. mill price on core sizes of wide-flange beams to $840 per ton ($42 per cwt).....

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