Prices for domestic steel beams in the United States were flat on Thursday October 29 despite modestly rising demand, while prices for offshore material also held steady amid continuing weak import volumes, market participants said.
Fastmarkets' price assessment for steel beams 8 x 8-inch, fob mill US again held at $35.25 per hundredweight ($705 per short ton) on October 29, where it has remained since April 30.Nucor raised merchant bar prices by $30 per ton on September 11. Steel Dynamics Inc (SDI) and Gerdau both followed that move and increased beam product prices as well, price protecting...