Buyers clamber as Nucor hikes rebar $45/T for Jan.
Dec 09, 2010 | 11:25 AM
| Lisa Gordon
Nucor Corp. has announced another price increase on concrete reinforcing bar, sending buyers scrambling to stock up before prices jump by $45 per ton next month.
The Charlotte, N.C.-based company said in a letter to its customers dated Wednesday that it is raising its prices on rebar and merchant bar products by $45 per ton ($2.25 per hundredweight) effective with Jan. 1 shipments.
The announcement comes on the heels of last week's surprise announcement of an immediate $20-per-ton price increase by Nucor and Steel Dynamics Inc., Fort Wayne, Ind. (AMM, Dec. 6).
With the first increase sticking, transaction prices are now $33.75 per cwt for grade 60, No. 5 rebar; $40.50 per cwt for 2- by 2- by ¼-inch angles; $39.50 per cwt for 3- by 3- by ¼-inch angles; $40 per cwt for 8- by 11½-inch channels; and $40.75 per cwt for ½- by 4-inch flats.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.