Increasing demand pushes MBQ prices higher

摘要

Prices in the United States for domestic and imported merchant bar quality (MBQ) steel rose in March amid improving demand and tighter supply. Fastmarkets’ monthly assessment for steel bar 2- x 2- x ?-inch angle merchant products, fob mill US was $45.80 per hundredweight ($916 per short ton) on Friday March 26, up 3.39 from $44.30 per cwt in February. Fastmarkets’ assessment for steel merchant bar, loaded truck Port of Houston for immediate delivery was $935-955 per ton on Friday, up 10.53 from $845-865 per ton in February. In early March, mills announced price increases of $30 per ton, which have been accepted by the market.