Prices for domestic and imported merchant bar quality (MBQ) steel products in the United States rose in April amid strengthening demand.
Fastmarkets' monthly assessment for steel bar 2 x 2 x 1/4 -inch angle merchant products, fob mill US was $47.80 per hundredweight ($956 per short ton) on Friday April 30, up by 4.37% from $45.80 per cwt on March 26 and by 7.90% from $44.30 per cwt in February.Fastmarkets' assessment for steel merchant bar, loaded truck Port of Houston for immediate delivery was $875-895 per ton ($43.75-44.75 per cwt) on Friday, up by 4.73% from $835-855 per ton in March and by 10.63% from $790-810 per ton in February.Market...