Merchant bar market awaits next price move

Mar 28, 2014 | 01:28 PM | Thorsten Schier

Tags  merchant bar, ferrous scrap, Thorsten Schier

NEW YORK — Merchant bar market participants are wondering whether mills will stick to their recent move away from following scrap prices in light of a possible pick-up in scrap tags next month (, March 21).

“When (scrap) went down they didn’t take it down, so it will be interesting to see if they stick to that scenario if it doesn’t work to their advantage,” one Midwest distributor said.....

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