NEW YORK The
merchant bar market remained steady this past week as sources
reported lackluster demand and flat pricing.
"Nothing at all
exciting to write home about. Were stumbling forward, I
guess," one East Coast distributor said.
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). Import prices for 2- x 2- x ¼-inch
angles are still between $660 and $700 per ton ($33 to $35 per
Sources expressed hope
that domestic prices would remain steady even though benchmark
ferrous scrap tags have dipped slightly the past two months as
mills moved away from using a scrap surcharge (
amm.com, June 6), although a distributor source in
the Midwest cautioned that mills would need to adjust pricing
if scrap prices show larger swings.
"Right now its
working, but if scrap starts deviating then they might have to
make some changes," he said.
Demand was said to be
tepid for most imported material over the past couple of weeks,
although traders reported some interest in smaller-sized angles
from Turkey. Domestic mills reportedly produce these sizes less
There were rumblings
that a recently filed anti-dumping case against Mexican and
Turkish rebar producers (
amm.com, Sept. 4) could eventually lead to a
similar case on merchant bar.
"If they have any
success with that (rebar case), the next step would be merchant
bar," the Midwest distributor source said.