Merchant bar mills said sticking to guns on hike

Nov 22, 2013 | 11:29 AM | Thorsten Schier

Tags  merchant bar, angles, channels, flats, bar prices, 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.....





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