US MBQ steel prices rise on mill increases

Prices for domestic and imported merchant bar quality (MBQ) steel in the United States rose by $1.50 per hundredweight ($30 per short ton) in response to a round of price increases by domestic mills.

Fastmarkets’ monthly assessment for steel bar 2 x 2 x ¼-inch angle merchant products, fob mill US rose by 4.4% to $35.30 per cwt  ($706 per ton) on Friday September 25 from $33.80 per cwt previously, where the price had remained since April 24. Fastmarkets’ assessment for steel merchant bar, loaded truck Port of Houston for immediate delivery rose by 4.7% at the midpoint to $660-680 per ton on Friday from $630-650 per ton on August 28; that price had also been unchanged since April 24. Domestic steelmakers announced a series of $30-per-ton price increases on MBQ and steel beam products in mid-September; notably, while...

Published

Robert England

September 28, 2020

22:39 GMT

New York