Special bar quality (SBQ) steel prices for both hot-rolled and cold-finished products soared in the United States in April due to rising demand, mill base price increases and higher raw material costs.
Fastmarkets' assessment for hot-rolled special bar quality 1-inch round 1000 series (carbon), fob mill US was at $57.50 per hundredweight ($1,150 per short ton) on Friday April 16, up by 12.75% from $51 per cwt on March 19 and by 85.48% from $31 per cwt in April 2020.Fastmarkets' assessment for steel bar cold-finished 1-inch round 1018 (carbon), fob mill US was at $76.75 per cwt ($1,535 per ton) on Friday, up by 12.87% from $68 per...