Domestic and imported steel beam prices in the United States rose on Thursday April 29, in line with recent mill price increase announcements due to rising demand and tightening supply.
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 overviewMarket 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...