US domestic, import MBQ steel prices move higher

Prices for domestic and imported merchant bar quality (MBQ) steel products in the United States rose in April amid strengthening demand.

Fastmarkets’ monthly assessment for steel bar 2 x 2 x ¼-inch angle merchant products, fob mill US was $47.80 per hundredweight ($956 per short ton) on Friday April 30, up by 4.37% from $45.80 per cwt on March 26 and by 7.90% from $44.30 per cwt in February. Fastmarkets’ assessment for steel merchant bar, loaded truck Port of Houston for immediate delivery was $875-895 per ton ($43.75-44.75 per cwt) on Friday, up by 4.73% from $835-855 per ton in March and by 10.63% from $790-810 per ton in February. Market...

Published

Robert England

May 03, 2021

22:04 GMT

New York