SBQ buyers see rising demand, prices

Jan 17, 2014 | 05:20 PM | Corinna Petry

Tags  Special bar quality, pricing, scrap surcharge, demand, end users, order rates, Caterpillar, Corinna Petry

CHICAGO — Strong demand from the auto industry, steady consumption from energy production and a slight comeback in off-road equipment manufacturing has led to an increase in special bar quality (SBQ) prices, buyers and sellers said.

Producer-quoted spot prices have moved up with scrap surcharges but base list prices have not budged because “there is tremendous resistance to chase volume that isn’t there,” one national carbon and alloy bar distributor told AMM.

AMM’s hot-rolled Grade 1000 series 1-inch rounds price rose to $43.80 per hundredweight ($876 per ton), up about 6 percent from mid-November. Grade 4100 series rounds came in at $53.15 cwt ($1,063 per ton), up 5.6 percent in the same comparison.....





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