SBQ prices static on soft demand

Aug 16, 2013 | 01:48 PM | Corinna Petry

Tags  special bar quality steel, SBQ, prices, market, demand, supply, cold finishers, processors distribuitrs

CHICAGO — Pricing and demand for special-bar quality (SBQ) products remain flat, cold finishers, processors and distributors report.

Most have given up hope that the second half of the year will see orders top first-half numbers although they do expect some pickup in business in the fall.

"Flat fits the pricing model very well," said an upper Great Lakes cold drawer. "Scrap goes up and down, then selling price ends up being flat."

The AMM price for hot-rolled Grade 1000 series 1-inch rounds came in at $829 per ton ($41.45 per hundredweight), off $2 a ton from last month. Hot-rolled alloy rounds, Grade 4100 series, came in at $1,002 a ton ($50.10 cwt), up a dollar.....

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