LOS ANGELES Gerdau Long
Steel North America has cut beam product prices by $30 per ton
while also adjusting the companys official price
announcement policy to account for market "volatility."
The move by the Tampa,
Fla.-based producer, effective Oct. 11, makes a
$1.50-per-hundredweight price cut unanimous among major
producers. The same decrease has been posted by Nucor-Yamato
Steel Co., Blytheville, Ark.; the structural and rail division
of Steel Dynamics Inc., Columbia City, Ind.; and Nucor
Corp.s Berkeley, S.C., beam mill (
amm.com, Oct. 11).
Additionally, Stan Baucum,
Gerdaus commercial director for structurals, pilings and
bantam beams, told customers that in light of continued steel
market volatility, all future price announcements "will be
effective immediately at the time of the announcement, to
include existing orders."
While price cuts are normally made effective at the time
theyre announced, beam price hikes often take place in
the month following an announcement.