Prices for domestic and imported merchant bar quality (MBQ) steel in the United States remained flat in May amid stirrings of activity and an improving outlook.
Fastmarkets' monthly price assessment for steel bar 2 x 2 x 1/4 -inch angle merchant products, fob mill US was unchanged at $33.80 per hundredweight ($676 per short ton) on Friday May 29 after declining to that level on April 24; the price had previously held at $35.05 per cwt since January 31.Fastmarkets' assessment for steel merchant bar, loaded truck Port of Houston for immediate delivery was flat at $630-650 per ton; the price fell to that...