Merchant bar mills stick to price hike

Feb 28, 2014 | 05:33 PM | Thorsten Schier

Tags  merchant bar, steel angles, steel imports, Mexican mills, Thorsten Schier

NEW YORK — Merchant bar mills are sticking to an early February price increase, sources told AMM this past week.

The move comes despite a fall in scrap prices in February (, Feb. 10) and potential further softness in March, underlining mills’ previously announced shift away from a scrap surcharge.

"The (mills) are trying to escape the scrap dynamics, and that’s what’s starting to happen," one West Coast service center source said.....

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