LOS ANGELES Nucor-Yamato
Steel Co., Blytheville, Ark., and Tampa, Fla.-based Gerdau Long
Steel North America have each cut their transaction prices for
wide-flange and standard beams by $20 per net ton ($1 per
Nucor-Yamato announced in an
April 10 letter to customers that it was cutting its raw
materials surcharge by $22 per ton ($1.10 per cwt) and raising
its base price by $2 per ton (10 cents per cwt), resulting in
the net $20-per-ton decrease, effective immediately.
Gerdau, which didnt give a
reason for its decrease in its April 11 letter to customers,
said its cut was effective with April 11 shipments.
The new f.o.b. mill price is now $785 per ton ($39.25 per
cwt) on most core sizes of wide-flange beams.