NEW YORK The
merchant bar market showed little change this past week, with
reports mixed as most sources described business conditions as
steady while some reported a recent slowdown.
"After Labor Day we
might see some action," one East Coast distributor said,
describing demand as "lackluster."
"Business has slowed
down quite a bit in the last week and a half," a Midwest
Sources in the East
and Midwest said mills in their regions were producing more
floor stock, as they arent cutting production even as
activity levels have slowed.
However, one western
distributor said less common sizes were becoming hard to get in
his area due to reduced rolling schedules at mills. "(Mills)
are skipping a lot of sizes. Theyre trying to roll
bread-and-butter sizes and the other sizes are based on
accumulation," he said.
expecting much change in the market ahead, with pricing
"disgustingly stable," one trader said.
should push the prices up to give (importers) a little window,"
As a result, U.S.
prices for 2- x 2- x ¼-inch angles remain at $753 per
ton ($37.65 per hundredweight), 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) this past week.
However, some sources
claimed that big buyers were getting discounts on published
numbers of between $10 and $40 per ton (50 cents and $2 per
prices for 2- x 2- x ¼-inch angles also remained steady
this past week at $660 to $700 per ton ($33 to $35 per cwt),
with imported material said not much of a factor.
"If youre a big
buyer and you get discounts from the domestic mills, their
(importers) spread is not advantageous," the Midwest
"Theres not much
import going on. Its a domestic business right now," the
East Coast source added.