Fastmarkets’ price assessment for steel beams 8 x 8-inch, fob mill US again held at $35.25 per hundredweight ($705 per short ton) on October 29, where it has remained since April 30.
Fastmarkets’ assessment for steel beams medium sections, loaded truck Port of Houston for immediate delivery likewise was flat at $620-660 per ton, unchanged after rising to the current level in late September.
While certain domestic mills had announced beams price increases in mid-September, they have not yet followed through on implementing the higher prices on new orders, according to market participants.
Nucor raised merchant bar prices by $30 per ton on September 11. Steel Dynamics Inc (SDI) and Gerdau both followed that move and increased beam product prices as well, price protecting...