SBQ demand inches up; pricing plodding along

Feb 15, 2013 | 05:17 PM | Corinna Petry

Tags  special bar quality, SBQ, hot-rolled bar, cold-finished bar, pricing, mill lead times, demand, competition steel

CHICAGO — Special bar quality (SBQ) processors, cold drawers and distributors have seen an uptick in orders and shipments since the fourth quarter, although demand has softened considerably from the first quarter of last year.

"In January, we had more revenue than November and December combined," an Ohio Valley service center executive said.

Published base prices haven’t moved in months, and surcharges were flat as scrap went sideways from January to February. But the surcharge is poised to move lower next month, with one major mini-mill notifying customers of a $13.33 per ton reduction effective March 1 (,Feb. 15).....

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