An expected uptrend in the United States' December ferrous scrap settlement has offset ongoing weak demand and made mill list prices for beams relevant once again, according to market sources.
Fastmarkets' monthly price assessment for steel beams 8 x 8-inch, fob mill US gained $1 to reach $33.75 per hundredweight ($675 per short ton) on Monday December 2, moving in line with mill list prices. This marks the assessment's first increase since late February; the price was most recently pressured by widespread discounting within the domestic market.Fastmarkets' assessment for steel beams medium sections, ddp Houston widened upward...