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(AMM) Stage set for price increase in wide-flange beam market

March 09, 2010 - 21:54 GMT Location: LOS ANGELES

KEYWORDS: beams , wide flange , surcharges , Nucor-Yamato

A sharp rise in a mill raw material surcharge is setting the stage for an attempt to mount a pricing recovery in wide-flange steel beams.

Nucor-Yamato Steel Co., Blytheville, Ark., told customers this week that it will raise its surcharge by $50 to $233 per ton in April. With no offsetting change planned in the published base price, this would result in a transaction price hike of $50 per ton.

Late last week, AMM raised its consumer buying price for the Chicago market, on which most mills base their surcharge, by $50 to $395 per ton.

The increase would raise the f.o.b. mill price on the most popular range...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

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