After dropping transaction prices by $30/nt ($1.50 cwt. or $33/mt) last week in response to a downtrend in shredded scrap prices, Nucor-Yamato announced Wednesday that effective immediately, transaction prices for wide flange beams (WFB) will drop another $40/nt ($2.00 cwt. or $44/mt) "to better align with our domestic competitor's unpublished discounts and Weekly Stock Specials."
While it is not clear which competitor Nucor is speaking of, Steel Dynamics Inc. issued a new price list for WFB on Wednesday that matches Nucor-Yamato's new WFB prices.
Nucor-Yamato's WFB prices will now be as follows:
ASTM A992
Specification | Price ($/cwt.) | Price ($/mt) | Price ($/nt) |
W10 x 10 49-112 mm | $37.00 cwt. | $816/mt | $740/nt |
W18 x 6 35-46 mm | $37.00 cwt. | $816/mt | $740/nt |
W24 x 7 55-62 mm | $37.00 cwt. | $816/mt | $740/nt |