NEW YORK Market
conditions in merchant bar were largely reported as steady this
past week, although some sources are expecting a slowdown in
"Every summer around
this time theres a slowdown. A lot of the large OEMs
(original equipment manufacturers) slow down," one Midwest
Domestic prices are
flat, with market leader Nucor Corp., Charlotte, N.C., recently
holding its prices unchanged for a third month in a row (
amm.com, July 1).
As a result, 2 x 2 x
¼-inch angles remain at $753 per ton ($37.65 per cwt), 3
x 3 x ¼-inch angles at $762 per ton ($38.10 per cwt), 8-
x 11.5-inch channels at $747 per ton ($37.35 per cwt) and
½- x 4-inch flats at $757 per ton ($37.85 per cwt).
"People like it when
pricing is steady," the Midwest source said, although he added
that mills might put an end to the recent run of not adjusting
prices even after the scrap settlement, given this months
jump in scrap tags (
amm.com, July 3).
"They can always
change the rules," he said.
While sources said
discounts are available in cases where mills have excess
capacity of certain items, reductions were not typical and one
western distributor said he was being charged list price even
for larger tonnages.
"When I talk to the
mill, they say there are no discounts," he said.
Sources said some
Mexican mills were offering more-competitive prices.
"Theyve got some
added capacity they want to sell into the U.S. market," the
Midwest source said.
distributor said merchant bars delivered to his location from a
Mexican producer could be had for the same price as domestic
material f.o.b. the mill, representing about an 8-percent