Gerdau Long Steel North America has raised beam transaction
prices, joining other U.S. mills efforts to push the
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,
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.
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.
amm.com, Dec. 12); and a $20-per-ton increase Nov.
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.