LOS ANGELES Gerdau Long Steel North America has raised beam transaction prices, joining other U.S. mills efforts to push the market higher.
While U.S. beam mills have recently indicated their determination to hold onto their recent price increases, it remains to be seen whether the domestic producers can eliminate the discounts that have characterized the U.S. beam market for most of this year, buyers said.
Gerdau Long Steel has increased its transactional beam prices by $5 per net ton (25 cents per hundredweight) effective with new orders placed Dec. 23. This put the Tampa, Fla.-based producers tags in line with other major mills. The company said confirmed orders through Dec. 20 would be price protected if shipped before Jan. 13.
Gerdau noted that its latest increase is in addition to its Dec. 10 increase of $10 per ton, which was effective with confirmed orders placed Dec. 13 (amm.com, Dec. 12); and a $20-per-ton increase Nov. 4 (amm.com, Nov. 4).
The increase would bring Gerdaus published f.o.b. mill price for core sizes of wide-flange beams to $800 per ton ($40 per cwt) compared with $795 per ton ($39.75 per cwt) previously (amm.com, Dec. 20). This puts Gerdau even with the published tags of Blytheville, Ark.-based Nucor-Yamato Steel Co.; Charlotte, N.C.-based Nucor Corp.s Berkeley beam division in Huger, S.C. (amm.com, Dec. 19); and Fort Wayne, Ind.-based Steel Dynamics Inc.s Structural and Rail division, Columbia City, Ind.