Copying and distributing are prohibited without permission of the publisher
Size of US beam price drop catches market off-guard
February 11, 2012 - 02:41 GMT
Location:
Los Angeles
KEYWORDS:
steel
,
wide-flange beams
,
Nucor-Yamato
,
SDI
,
Gerdau
A $30-per-ton price cut has unsettled the wide-flange steel beam market, which said it had expected a smaller decline.
The move, which essentially eliminates a $30-per-ton hike for February announced last month, follows a $30-per-ton reduction of the Chicago consumer buying price for shredded automotive scrap by AMM this past week (AMM, Feb. 7).
Nucor-Yamato’s move—which brought the published price on core sizes of beams back to their pre-February level of $840 per ton ($42 per hundredweight) from $870 per ton ($43.50...
All material subject to strictly enforced copyright laws. ©
Euromoney Institutional Investor PLC.
Please log in using your online subscriber details.
Your username will be your registered email address with Metal Bulletin.
If you aren't a subscriber yet, feel free to take a seven day free trial, or subscribe using the instructions below.
Subscribe
A standard subscription include one year's worth of news and prices. You can also upgrade to the full archive and benefit from more than 13 years of intelligence. Start your subscription today.
Subscribe
Free trial
Taking a free trial will give you open access to Metal Bulletin online news, prices, archived content and email alert service for the next seven days. Start your free trial today.
Free trial