Merchant bar mills said sticking to guns on hike
Nov 22, 2013 | 11:29 AM
| Thorsten Schier
NEW YORK Merchant bar mills are sticking to their guns on a recent $20-per-ton ($1-per-hundredweight) increase, sources told AMM this past week.
"Everybody went along," a source at an East Coast distributor said.
A Midwest distributor source attributed the firm stance to rising scrap prices rather than a pickup in demand. "Historically, this time of the year scrap gets strength. It (the increase) is not being so much demand driven," he said.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.