Merchant bar tags flat; mills hold on pricing
Jun 07, 2013 | 01:21 PM
| Thorsten Schier
NEW YORK The merchant bar market has been stable in the past week as mills generally stuck to published prices, although discounts were sometimes available based on requested sizes, quantities, mill stock levels and expectations about scrap prices, according to most market participants.
"I dont care what youre buying in the steel market now; the mills are trying to stay as much as possible to the published prices," a Mid-Atlantic distributor source said. "But there are deals to be had. Its on a mill-by-mill basis and its on a size-by-size basis. If theyve got stock on the floor and they see scrap going down, they might want to get rid of (it)." ....
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