05
Jun
20:33
Imports, falling scrap prices push MBQ further down
After April price cuts announced by domestic mills including Nucor and Steel Dynamics, merchant bar continues to respond to downward pressure from imports and falling scrap prices, Kallanish reports.
Following a $20/short ton decrease in January, Steel Dynamics Roanoke Bar Division announced a decrease of $25/st on 30 April to address downward pricing pressure from import and domestic competition. The same cut was announced by Nucor at the end of&…
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Anonymous
Very good overview of the weekly steel market.
Anonymous