While decreasing raw material costs have driven special bar quality (SBQ) prices down by $1.50 per hundredweight ($30 per short ton) across all grades, most sources offered an optimistic forecast for the year ahead.Fastmarkets AMM’s assessment for 1-inch round 1000 series (carbon) hot-rolled bar was $43.50 per cwt ($870 per ton) fob mill on Friday January 11, down 3.3% from $45 per cwt previously but still up 6.1% from $41 per cwt one year ago.Likewise, the assessment for 1-inch round 1018 (carbon) cold-finished bar dropped to $62 per cwt ($1,240 per ton) fob mill, down 2.4% from $63.50 per cwt previously but up 8.8% from $57 per cwt at this time last year.
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