SBQ prices decline amid quiet summer market

Jul 15, 2013 | 12:07 PM | Corinna Petry

Tags  Special bar quality, pricing, demand, supply, inventories, scrap surcharge, Corinna Petry

CHICAGO — Cold finishers, processors and distributors describe demand for special bar quality products as "quiet," "oscillating" and "soft."

Prices for five products tracked by AMM slipped between 0.8 and 1.9 percent this month, with 1000-series 1-inch-thick, hot-rolled bar taking the biggest hit, falling to $41.55 per hundredweight from $42.35 in June.

Prices are expected to rise $30 per ton ($1.50 per cwt) in August, however, as at least one producer notified customers last week of a scrap surcharge increase (amm.com, July 11).....





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