Steel beam price trending sideways after scrap falls

摘要

Structural steel buyers are looking for the published price of wide-flange beams to stay in place following a decline in a scrap benchmark. This past week, AMM dropped its consumer buying price for shredded automotive scrap in the Chicago market by $10 per ton to $366 per ton (amm.com, Aug. 5). Most buyers now expect the published wide-flange beam f.o.b. mill price to remain at the current $765 per ton ($38.25 per hundredweight) for core beam sizes, unless a battle for market share flares up among producers.