Merchant bar tags flat; mills hold on pricing

Jun 07, 2013 | 01:21 PM | Thorsten Schier

Tags  merchant bar, angles, channels, flats, steel, 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 don’t care what you’re 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. It’s on a mill-by-mill basis and it’s on a size-by-size basis. If they’ve got stock on the floor and they see scrap going down, they might want to get rid of (it)." ....

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