Stability governs SBQ demand, pricing

Oct 21, 2013 | 05:17 PM | Corinna Petry

Tags  special bar quality, SBQ, SBQ prices, SBQ demand, supply, inventories, automotive, energy hot-rolled steel

CHICAGO — Special bar quality (SBQ) base prices have remained unchanged over the past six weeks, buyers said.

Talks on contract terms for 2014 between buyers and their mill suppliers and manufacturing customers have also begun, they said, with stability and cautious optimism the most prevalent phrases in conversations (amm.com, Oct. 21).

The AMM price for hot-rolled Grade 1000 series 1-inch rounds came in at $817 per ton ($40.85 per hundredweight), down from $829 per ton ($41.45 per cwt) previously. Of the decline, $10 is attributed to the 50-cent drop in the raw material surcharge and $2 to lower order rates, as there has been sufficient material throughout the supply chain.....





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