US steel beam market holding steady

Aug 12, 2014 | 05:13 PM | Frank Haflich

Tags  steel prices, wide-flange beams, Nucor-Yamato Steel, Gerdau Long Steel North America, Steel Dynamics, SDI, Structural and Rail division, scrap prices Frank Haflich

LOS ANGELES — The structural steel market appears to be "in balance," with buyers of wide-flange beams seeing little reason for pricing to move one way or the other.

"What would be the point?" one Midwest distributor asked, adding that there is little compelling argument for a change.

Distributors, in particular, said that while demand has improved this year compared with 2013, the increase has been "slight" in many cases and volumes still haven’t regained peaks reached prior to 2008.....

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