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Nucor-Yamato, Gerdau raise beam prices

Keywords: Tags  Nucor-Yamato, steel, beams, structural steel, Gerdau


NEW YORK — At least two domestic mills have announced price increases for structural steel products, according to letters sent to customers.

Nucor-Yamato Steel Co. will raise net transaction prices for structural products by $35 per ton ($1.75 per hundredweight) effective with shipments Dec. 1, the company said in a letter to customers dated Nov. 9.

A $17-per-ton (85-cents-per-pound) decrease in its published base price partially offset a $52-per-ton ($2.60-per-cwt) boost in the company’s raw materials surcharge, the letter said.

The Blytheville, Ark.-based structural steel producer’s raw materials surcharge is based on AMM’s consumer buying price for shredded automotive scrap in the Chicago market, which rose $52 per ton to $387 per ton in November (amm.com, Nov. 7).

Gerdau Long Steel North America followed Nucor-Yamato’s apparently leading move Monday, announcing its own beam price increase of $35 per ton.
 
Tampa, Fla.-based Gerdau’s increase is effective immediately on all new orders, although existing orders will be “price protected provided they are shipped prior to Dec. 1,” the company said in a Nov. 12 letter to customers.

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