US special bar quality steel prices hit by scrap; demand said flat

Special bar quality (SBQ) steel spot prices in the United States have been weighed down by declining ferrous scrap costs, with demand across most major end markets flat to slightly weak, market participants said.

On the hot-rolled side of the market, Fastmarkets’ monthly price assessment for steel bar hot-rolled special bar quality (SBQ) 1-inch round 1000 series (carbon), fob mill US was at $34.50 per hundredweight ($690 per short ton) on Friday February 14, down by 1.4% from $35 per cwt previously.

In cold-finished steel, Fastmarkets’ assessment for steel bar cold-finished 1-inch round 1018 (carbon), fob mill US was at $54.50 per cwt on Friday, down by...

Published

Patrick Fitzgerald

February 18, 2020

22:29 GMT

New York