Buying hasn't improved, so prices are starting to slide: nonresidential construction's lethargy has kept structural supply high, prices down.(BEAMS)

From: Purchasing | Date: June 2, 2005| Author: | Copyright information

Riding the raw materials wave of 2004, wide-flange structural steel beam prices crested at 31% ahead of the 2003 average. So far this year, however, the beam price average is 6% below last autumn's peak. Demand this year is described by suppliers as disappointing. Extremely high production rates and a boost in imports has brought more supply, and allowed stocks to replenish. That's why industry observers, noting the sluggish demand, have been predicting a period of flat prices through this winter.

Despite finagling with base prices and raw materials surcharges by the electric ...

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