Beam cycle in the ditch: a substantial oversupply situation, combined with lackluster demand, should depress steel beam pricing for the foreseeable future. (Market outlook: structurals).
Metal Center News, June, 2002 by Corinna C. Petry
Too much product, not enough end-user activity and stalled prices have wide-flange beam producers and distributors treading water. Even new antidumping margins on beams from select exporters have not improved the prospects for recovery this year or next.
The biggest development in today's structural market, apart from import duties announced in May (see news stow, page 62), is the gradual start-up of Steel Dynamics Inc.'s structural and rail mill in Columbia City, Ind. The company expects to ship limited quantities of structural sections at the end of this month.
Jim Wroble, sales and marketing manager for SDI's Structural and Rail Division, says the $350 million mill's niche will be the Midwest. The immediate focus will be Indiana, Illinois, Ohio and...
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