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(AMM) Gerdau Ameristeel hikes some beams

June 08, 2010 - 15:00 GMT Location: LOS ANGELES

KEYWORDS: Gerdau Ameristeel , beams , wide-flange

Gerdau Ameristeel Corp. has moved to recover part of an earlier price cut on selected wide-flange beams as it also moves to hold tags level for the vast majority of its beams in July.

Beginning in July, the Tampa, Fla.-based producer intends to raise the price of about 14 different sizes of standard and wide-flange beams by $40 per ton ($2 per hundredweight), although no change will be made to its "published prices of all other beam and piling products for shipment in July," according to market sources.

The company couldn't be reached for comment.

Prices on the...

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