Chaparral increases wide flange beam prices for certain sizes

As we are still awaiting Nucor's decision for a price hike for beams, Chaparral has decided to raise prices for certain sizes. Announced to customers last week, effective for shipments beginning March 1st, 2007, Chaparral Steel, following the shredded scrap trend, has increased their raw material surcharge (RMS) by $2.00 cwt. ($40 /nt or $44 /mt) to $6.65 cwt. ($133 /nt or $147 /mt). This represents a $2.00 cwt. ($40 /nt or $44 /mt) increase in transaction prices for all sizes except the sizes that cross with Taiwanese and Chinese import sizes. Chaparral Steel's published prices for wide flange beams effective for March are as follows: ASTM A992 W10 x 10 88 $34.50 cwt. ($690 /nt or $761 /mt) W18 x 6 35, 40, 46 $34.75 cwt. ($695 /nt or $766 /mt) W24 x 7 55, 62 $36.75 cwt. ($735 /nt or $810 /mt) The above prices are ex-mill, effective to customers and include the RMS.