Special bar quality (SBQ) steel prices in the United States have declined once again due to persistent demand weakness and lower raw material costs, according to market sources.
On the hot-rolled side of the market, Fastmarkets' monthly price assessment for steel bar hot-rolled special bar quality (SBQ) 1-inch round 1000 series (carbon), fob mill US slipped to $31.25 per hundredweight ($625 per short ton) on Friday August 21, down by 25 cents (0.8%) from July's $31.50 per cwt.Although...