Steel beam prices have remained steady, with a growing number
of market sources now expecting no change for the rest of the
"My feeling is that
this will continue through the rest of the year unless
theres a drastic change in raw material prices," one Gulf
Coast distributor source said about the flat pricing.
During the past two
months, AMMs consumer buying price for shredded
automotive scrap in the Chicago market has declined by less
than $20 per ton.
"I see nothing in the
pipeline" that indicates a price change, a Midwest service
center buyer agreed, also noting that demand remains
expect overall U.S. beam consumption to rise marginally this
year to a little more than 4 million tons.
Published f.o.b. mill
prices on core sizes of wide-flange beams have remained at $765
per ton ($38.25 per hundredweight) since May. However,
discounts on substantial requirements are reported at $40 to
$60 per ton, depending on the size of the buyer and its
exposure to import competition.
Steady pricing keeps
the market stable since price hike announcements usually result
in buyers rushing to beat the increase, after which demand
falls into a lull, one market source said. "Im OK with no
change in prices," he added.
permit applications totaled 12,171 tonnes compared with 9,485
tonnes in August and the years peak of 22,056 tonnes in
February, according to data updated through Sept. 25 by U.S.
Commerce Departments Import Administration.
Applications for South
Korean wide-flange were 5,759 tonnes compared with 4,963 tonnes
in August, while Luxembourgs total rose to 3,943 tonnes
from 1,856 tonnes in the same comparison.
Standard beam import
permit applications through Sept. 25 totaled 3,831 tonnes
compared with 5,634 tonnes in August. Canada logged the biggest
decline, with import permit applications of 53 tonnes vs. 2,050
tonnes a month earlier. Meanwhile, Luxembourgs
applications rose to 1,376 tonnes from 1,028 tonnes in August.
The largest increase came in Russian standard beams, for which
applications rose to 1,160 tonnes, the first time that
significant applications were received from that country since
Standard beam imports
have been declining since June, when they hit 13,851 tonnes.
This years peak was in March, when they reached 17,119
tonnes as Luxembourg and Russia each accounted for more than