LOS ANGELES Gerdau Long
Steel North America has joined a move to raise beam prices by
$25 per ton ($1.25 per hundredweight) next month.
The increase affects transaction
prices for beams and piling products effective with April 1
shipments, the Tampa, Fla.-based producer said in a March 13
letter to customers. The hike follows similar moves by
Nucor-Yamato Steel Co., Blytheville, Ark., and Charlotte,
N.C.-based Nucor Corp.s Berkeley, S.C., beam mill (
amm.com, March 13).
A fourth major producer, the
Structural and Rail division of Steel Dynamics Inc., Columbia
City, Ind., was still evaluating a hike as of mid-day March 14,
according to market sources.
The increase would raise the f.o.b. mill price for core
sizes of wide-flange beams to $805 per ton ($40.25 per
hundredweight) from $780 per ton ($39 per cwt) previously.