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(AMM) Speculation on beam price hike spurred by scrap move
March 05, 2010 - 21:41 GMT
Location:
LOS ANGELES
KEYWORDS:
beam
,
wide flange
,
shredded scrap
A big jump in a benchmark scrap price has kicked off speculation at both mill and buyer levels on just how much of the increase can be passed along in a still-anemic demand environment for wide-flange steel beams.
$0A big jump in a benchmark scrap price has kicked off speculation at both mill and buyer levels on just how much of the increase can be passed along in a still-anemic demand environment for wide-flange steel beams. $0$0AMM's consumer buying price for shredded automotive scrap in the Chicago market?a key factor in mills' raw material surcharges?has increased by $50 per ton to $395. $0$0Most observers now think...
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Euromoney Institutional Investor PLC.
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