Prices for domestic and imported merchant bar quality (MBQ) steel in the United States were flat in October for the second consecutive month following two rounds of mill base price increases in July and August.
Fastmarkets' monthly assessment for steel bar 2 x 2 x 1/4 -inch angle merchant products, fob mill US was $58.30 per hundredweight ($1,116 per short ton) on Friday October 29, unchanged from September 24and August 27, and up by 4.48% from $55.80 per cwt in July.Fastmarkets' monthly assessment for steel merchant bar, loaded truck Port of Houston for immediate delivery was $1,105-1,145 per ton ($55.25-57.25 per cwt) on Friday, unchanged from September 24 and August 27, and up by 4.65% from $1,055-1,095 per ton in July.While market participants all said that prices are flat this...