SBQ price increases draw mixed reactions

Feb 28, 2014 | 05:48 PM | Stacy Irish

Tags  steel, special bar quality, SBQ, Nucor, Timken, SBQ prices, Stacy Irish

LONDON — Consumers’ reactions to recent price increases on special bar quality (SBQ) products have caused mixed, with some wondering how lackluster demand and low utilization rates will support higher pricing, sources said.

Charlotte, N.C.-based Nucor Corp. in February increased base prices by $30 per ton ($1.50 per hundredweight) on its carbon and alloy SBQ rolled bar products effective with March 10 shipments (, Feb. 10), a move followed by Canton, Ohio-based Timken Co. (, Feb. 20).....

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