Fastmarkets’ monthly assessment for steel beams 8- x 8-in, fob mill US was $52.50 per hundredweight ($1,050 per short ton) on April 29, up 5% from $50 per cwt on March 25, and up 10.53% from $47.50 per cwt in February.
Fastmarkets’ assessment for steel beams medium sections, loaded truck Port of Houston for immediate delivery was $985-1005 per ton on Thursday, up 5.29% from $935-955 per ton on March 25, and up 16.37% from $845-865 per ton in February, where it had been unchanged since December.
On April 12, Nucor Corporation and Gerdau Long Steel North America increased prices for most structural products by $50 per ton ($2.50 per cwt).
Market participants reported that continuing strong demand in the face of tight supply has pushed up prices and extended lead times.
"Mill floor stocks are low and...