Merchant bar prices could face February rise

Dec 18, 2006 | 11:36 AM | Sam Kusic

Merchant bar prices will remain flat heading into the New Year, though buyers might wind up paying a little bit more come February.

Nucor Corp., Charlotte, N.C., which is generally considered the pricing leader, said in a letter to customers that it will increase its scrap surcharge on reinforcing bar and merchant bar by $10 per net ton (50 cents per hundredweight), but will drop the base price by the same amount. The move is effective with Jan. 1 shipments. Other producers are....

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