SBQ demand divides, prices remain mired

Nov 14, 2013 | 04:26 PM | Corinna Petry

Tags  special bar quality steel, SBQ, automotive, contract, spot prices, inventories, Corinna Petry

CHICAGO — Demand for special bar quality (SBQ) products is typically a tale of two markets—automotive and nonautomotive—but the divide now seems more pronounced with stocks of automotive material at "dangerously minimal" levels, buyers told AMM.

Two major automotive-grade SBQ producers "cannot get caught up" on their scheduled deliveries, an eastern Great Lakes forge operator said.

"Inventories are extremely, dangerously minimal throughout the supply chain. You cannot get everything and, as soon as you do, you’re putting it into your processing line and manufacturing it," he said, adding that short supply means certain vehicle assembly lines are "on the verge of shutting down every day."....

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