Nucor keeps bar prices flat for May shipments
Apr 11, 2012 | 04:34 PM
| Michael Cowden
TORONTO Nucor Corp. plans to hold the line on transaction prices for reinforcing bar, merchant bar and structural products for a second consecutive month.
The Charlotte, N.C.-based steelmaker will lower its raw materials surcharge by $10 per ton (50 cents per hundredweight) beginning with May 1 shipments but increase base prices by the same amount.
"The net effect of this move is that our transaction pricing for concrete reinforcing bars, merchant bars and structural products will remain unchanged," the company said in a letter to customers dated April 10.
Market sources said other domestic mills were expected to follow Nucors move--if they hadnt already--and keep prices even.
In March, Nucor announced plans to keep rebar, merchant and structural products unchanged for April 1 shipments (AMM, March 15).....
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.