SBQ prices rise in US on surging demand

Special bar quality (SBQ) steel prices in the United States rose in March for both hot-rolled and cold-finished product due to rapid increases in demand and higher raw material costs.

Fastmarkets' assessment for hot-rolled special bar quality 1-inch round 1000 series (carbon), fob mill US was at $51 per hundredweight ($1,020 per short ton) on Friday March 19, up by 15.91% from $44 per cwt on February 19 and by 47.83% from $34.50 per cwt in March 2020. Fastmarkets' assessment for steel bar cold-finished 1-inch round 1018 (carbon), fob mill US was at $68 per cwt on March 19, up by 10.57% from $61.50 per...

Published

Robert England

March 22, 2021

20:29 GMT

New York