Merchant bar prices up, but market wary

Feb 14, 2014 | 01:07 PM | Thorsten Schier

Tags  merchant bar, bar prices, angles, steel bar, Thorsten Schier

NEW YORK — Merchant bar prices have risen despite falling scrap tags due to an early February increase by domestic mills, but sources are unsure how long that can last in light of raw material declines.

"Prices have gone up, but I think the jury is out now that scrap’s going down," one Midwest service center source told AMM.

Demand is also becoming less robust, "especially with certain slow market’s we’ve been having. I mean construction’s stuck in the mud right now," the source added.....





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