LOS ANGELES A third major
wide-flange beam producer has told customers it will hold
published prices steady for February as imports from at least
one offshore source appear ready to jump this month.
Steel Dynamics Inc.s
Columbia City, Ind.-based structural and rail division told
customers this week that its transaction prices will "remain
unchanged for all new wide-flange beam and channel orders" in
February, joining Nucor-Yamato Steel Co., Blytheville, Ark.,
and Nucor Corp.s Berkeley, S.C., beam mill in holding
published transaction prices steady for the third month in a
amm.com, Jan. 11).
Gerdau Long Steel North America,
the only other major producer, has not announced its February
pricing. The Tampa, Fla.-based company could not be reached for
SDIs decision to keep its
prices flat in February would leave the f.o.b. mill price for
most core sizes of beams at $780 per ton ($39 per
hundredweight) in February, in line with Nucor-Yamato and Nucor
SDI added that its February
truck fuel surcharge will be 30 percent, and the company will
adjust its rate in the coming months "to reflect current
charges from our carriers."
Meanwhile, import license
applications for South Korean wide-flange beams jumped to
11,298 tonnes in the first two weeks of Januarymore than
90 percent of all license applications through Jan. 15,
according to data from the Commerce Departments Import
Administration. Imports from Korea totaled just 237 tonnes in
all of December.
If Korean shipments in the first
quarter follow the same pattern set in the fourth quarter of
2012, wide-flange beam imports can be expected to decline in
February and March. Some 10,065 tonnes of Korean beams arrived
in the United States in October, representing the vast bulk of
its shipments in the final three months of the year.
Import permit applications for
standard beams through Jan. 15 do not yet indicate any such
increase, with a total of 2,455 tonnes expected to arrive from
all countries vs. approximately 5,372 tonnes in all of