Steel beam prices were flat in the United States' domestic and import markets on Thursday October 28 following three rounds of mill price increases over the summer and bringing a welcome pause to upward pressure in market that has been tightly supplied.
Fastmarkets' monthly assessment for steel beams 8- x 8-in, fob mill US was $68 per hundredweight ($1,360 per short ton) on Thursday October 28, unchanged from September, but up 3.82% from $65.50 per cwt in August.Fastmarkets' assessment for steel beams medium sections, loaded truck Port of Houston for immediate delivery was $1,315-1,355 per ton ($65.75-67.75 per cwt) on Thursday, unchanged from September, but up 3.89% from $1,265-1,305 per ton in August.Market participants reported that inventory levels have improved, both on factory floors and among end-users."Supply and demand is much more in balance than in the past," a northern distributor said, adding that he is able to find most of what he...