US domestic, import steel beam prices rise on mill increases

Domestic and imported steel beam prices rose in the United States on Thursday July 29 after remaining flat the prior month.

Fastmarkets’ monthly assessment for steel beams 8- x 8-in, fob mill US rose to $63 per hundredweight ($1,260 per short ton) on July 29, up by 5% from $60 per per cwt in May and June and up by 20% from $52.50 per cwt on April 29. Fastmarkets’ assessment for steel beams medium sections, loaded truck Port of Houston for immediate delivery was at $1,215-1,255 per ton ($60.75-62.75 per cwt) on Thursday, up by 5.11% from $1,155-1,195 per ton in May and June and up by 24.12% from $985-1,005 per ton in April. Market participants reported that the mill price hikes that took effect in early July have been accepted by the market for the simple reason that supply of beams continues to remain tight. While most sources said they have been able to obtain the tonnage of beams they need, some said...

Published

Robert England

July 30, 2021

21:32 GMT

New York