Merchant bar tags flat but discounting emerging

May 24, 2013 | 01:32 PM | Thorsten Schier

Tags  merchant bar, angles, channels, flats, Thorsten Schier

NEW YORK — The domestic merchant bar market was described as steady this past week, although some market participants said that, given the season, things should be busier.

"It’s been medium-steady but not overwhelming. This time of year we should be very, very busy," a source at a Mid-Atlantic distributor said.

He attributed the slower-than-expected demand largely to an inability by customers to get bank financing for construction projects, which has meant that "nothing’s turning into orders."

A mill source agreed that the market was flat but said the assessment that things were weaker than forecast was not correct. "Things are behaving like they ought to at this time of year. We’ve been fairly steady on the merchant bar side," he said.....

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