Softer demand tempers SBQ tag hikes for April

Apr 12, 2013 | 04:19 PM | Corinna Petry

Tags  Special bar quality, demand, pricing, milll lead times, inventory strategy, corinna petry

CHICAGO — Demand for special bar quality (SBQ) products has softened further over the past two weeks, sources told AMM, and only a portion of an announced April 1 price hike reportedly has taken hold.

"It seems like April is very soft," a source at a Midwest bar processor said. "We have a big gap to fill for the month."

A northern Great Lakes cold finisher source agreed that this month’s demand is far from robust. "Lead times are six to eight weeks, or even less. April orders are flat. The whole first quarter was flat," he said. Compared with the tightness experienced last spring, "cold processing is wide open now. There is a lot of capacity."....

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