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Steel Dynamics joins beam price hike

Keywords: Tags  steel beams, Steel Dynamics Inc., SDI, price increase, Nucor Corp., Nucor-Yamato, Gerdau Long Steel North AMerica, Frank Haflich

LOS ANGELES — Steel Dynamics Inc. (SDI) has raised its beam price $35 per ton as producers begin to fall in line behind Nucor-Yamato Steel Co.’s earlier increase.

The Fort Wayne, Ind.-based steelmaker said it was raising its price effective with new orders after 5 p.m. Dec. 19. The hike by SDI’s Structural and Rail division, Columbia City, Ind., would bring its new f.o.b. mill price on core wide-flange beam items to $800 per ton ($40 per hundredweight).

Earlier, Nucor-Yamato, Blytheville, Ark., and Charlotte, N.C.-based Nucor Corp.’s Berkeley beam division in Huger, S.C., said they were raising prices by a similar amount, effective at the close of business on Dec. 18 (, Dec. 19).

SDI continued to post a $1-per-cwt extra charge on all items shipped from stock.

Market sources said the third major beam producer, Tampa, Fla.-based Gerdau Long Steel North America, continued to post a published price of $39.75 per cwt on the core items affected by the SDI and Nucor-Yamato increases.

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