Another merchant bar price hike seen possible

Dec 06, 2013 | 12:53 PM | Thorsten Schier

Tags  merchant bar, scrap, angles, Mexico, price increase, Thorsten Schier

NEW YORK — Another merchant bar price increase before year-end isn’t impossible due to further anticipated gains in scrap prices, sources said.

"I think the mills certainly will pass that on. That’s the trajectory and things are generally going up," one Midwest distributor said.

A second Midwest source was less certain of a near-term increase.

"It’s a coin flip, I think. If they want to follow the scrap prices yes, but will demand support it? Possibly. We are getting into the year-end slowdown," he said.....

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