Steel beam prices rose in the United States' domestic and import markets on Thursday August 26 following a second round of monthly mill price increases.
Fastmarkets' monthly assessment for steel beams 8- x 8-in, fob mill US rose to $65.50 per hundredweight ($1,310 per short ton) on August 26, up by 3.97% from $63 per cwt on July 29 and by 9.17% from $60 per per cwt in May and June.Fastmarkets' assessment for steel beams medium sections, loaded truck Port of Houston for immediate delivery was at $1,265-$1,305 per ton ($63.25-$65.25 per cwt) on Thursday, up by 4.05% from $1,215-1,255 per ton on July 29 and by 9.36% from $1,155-1,195 per ton in May and June.Nucor Corp began the most recent round of mill price hikes on August 2, followed by Gerdau Long Steel North America, Mid-Continent Steel & Wire and Steel Dynamics Inc.Market...