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(AMM) Scrap price increase could prompt hike in beam tags

August 06, 2010 - 23:20 GMT Location: LOS ANGELES

KEYWORDS: scrap , wide-flange beams , shredded

An increase in a key scrap price could bring an attempt to hike wide-flange beams prices, despite a market that's showing little sign of recovery, buyers said.

AMM has raised its key consumer buying price for shredded automotive scrap in the Chicago market?often used as the basis for computing producers' raw material surcharges?by $32 per ton to $340 per ton.

Last month domestic mills, led by Nucor-Yamato Steel Co., Blytheville, Ark, dropped the price of core...

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

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