Domestic steel beam prices in the United States slipped in April on weaker demand and price reductions by mills, while import prices edged slightly higher in the face of collapsing demand due to foreign mills resisting price cuts.
Fastmarkets' monthly price assessment for steel beams 8 x 8-inch, fob mill US fell to $35.25 per hundredweight ($705 per short ton) on Thursday April 30, down by $1.25 (3.4%) from $36.50 per cwt previously, where the price had remained since January 30.Fastmarkets' monthly price assessment for steel beams medium sections, loaded truck Port of Houston for immediate delivery gained $10 on the low end but lost $5 on the high end, narrowing to a range of $650-670 per...