Search Copying and distributing are prohibited without permission of the publisher
Email a friend
  • To include more than one recipient, please separate each email address with a semi-colon ';', to a maximum of 5

  • By submitting this article to a friend we reserve the right to contact them regarding AMM subscriptions. Please ensure you have their consent before giving us their details.

US steel beam market holding steady

Keywords: Tags  steel prices, wide-flange beams, Nucor-Yamato Steel, Gerdau Long Steel North America, Steel Dynamics, SDI, Structural and Rail division, scrap prices Frank Haflich

LOS ANGELES — The structural steel market appears to be "in balance," with buyers of wide-flange beams seeing little reason for pricing to move one way or the other.

"What would be the point?" one Midwest distributor asked, adding that there is little compelling argument for a change.

Distributors, in particular, said that while demand has improved this year compared with 2013, the increase has been "slight" in many cases and volumes still haven’t regained peaks reached prior to 2008.

Domestic beam producers haven’t raised their published prices since March 7, when Blytheville, Ark.-based Nucor-Yamato Steel Co. implemented a $20-per-ton ($1-per-hundredweight) increase, which was matched by Tampa, Fla.-based Gerdau Long Steel North America and Fort Wayne, Ind.-based Steel Dynamics Inc.’s Structural and Rail division in Columbia City, Ind. (, March 10). This set the posted f.o.b. mill price on core sizes of wide-flange beams at $41 per cwt ($820 per ton) and has become the actual price for most buyers as discounts have dried up.

However, if hardly anyone expects beam prices to drop, most also see little basis for them to increase. Flat scrap prices are one reason, reflected in AMM’s recent decision to hold its consumer buying price for shredded automotive scrap in the Chicago market at $375 per ton.

Logistical problems that hit mills earlier in the year have eased, some buyers said, adding that they are experiencing fewer delays in delivery. At the same time, producer floor stocks appear to have risen, allowing some buyers to pluck beams out of the mills’ inventories rather than through a future rolling.

"Most of the time we don’t even have to wait for material. ... We can pull stuff off the (mill) floor," another Midwest distributor said.

"Availability seems to be getting better all the time," according to another service center buyer.

This year’s higher beam imports, while not forcing domestic mills to offer discounts, are nonetheless seen as helping to keep a lid on prices.

"Some of the increase in demand is being soaked up by foreign beams," one eastern distributor said. "If we didn’t have higher imports this year I’m sure we’d be seeing (domestic) price hikes."

Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

Latest Pricing Trends