Nucor Steel Raising SBQ Prices $40 Per Ton Nucor Steel raising SBQ prices for Special Bar Quality hot rolled products by $40 per ton becomes effective with October 1 shipments. The higher transactional pricing covers all hot rolled carbon and alloy bar as well as hot rolled heat treated bar. The move follows Timken [...]
Special Bar Quality Prices Ticked Up This Month on the Back of Higher Scrap Prices Special Bar Quality prices ticked up this month on the back of higher scrap prices, with market participants seeing a steady course for the near future. AMM’s 1000 series hot-rolled bar price rose to $40.00/cwt ($800.00/per ton) on August 11. [...]
Special Bar Quality (SBQ) Prices Have Risen $40.00/ton Special Bar Quality (SBQ) prices have risen some $40.00/ton in the US as base price increases for June take hold, market sources have said. Lead times have extended significantly, stretching into September and beyond for certain bars larger than 3.000” in diameter, one distributor said. Still, typical [...]
April Increased Industrial Production for Largest Gain in 3 Years April increased industrial production 1 percent, despite mixed signals from survey data. The latest report on the industrial sector suggest broad firming in manufacturing activity as industrial production increased, yielding the largest gain in three years and more than double the 0.4 percent increase that [...]
MNI Chicago Business Barometer Increased to Highest Level Since January 2015 The MNI Chicago Business Barometer increased in April to its highest level since January 2015. Optimism among firms about business conditions rose for the third month in a row. The April Chicago report showcased another impressive month with firms reporting solid growth. Rising demand [...]
Special Bar Quality - SBQ prices gained some $40 per ton for January shipment following this month’s rise in No. 1 busheling prices in Chicago, market participants said. Still no base price increases were reported in the market with SBQ tags continuing to ride scrap adjustments. Nonetheless some optimism in the market bodes well for [...]
US Oil Prices Dropped US oil prices dropped below $40.00 a barrel Friday as increased drilling, a backup of motor fuels and continuing fears of a weak Chinese economy pushed crude to new lows. US crude is on track for its eight-consecutive weekly loss, the longest losing streak in 29 years. Prices have not fallen [...]