Nucor, SDI mills cut rebar prices by $30/ton

Jun 08, 2012 | 07:18 PM |

Tags  rebar, Steel Dynamics, SDI, Gerdau, Nucor, scrap prices

NEW YORK — At least two domestic mills have dropped net transaction prices for steel bar products by $30 per ton—double the $15-per-ton reduction previously announced by Gerdau Long Steel North America.

Nucor Steel Auburn Inc., a division of Charlotte, N.C.-based Nucor Corp., announced in a letter to customers Friday that it was cutting transaction prices by $30 per ton for concrete reinforcing bar (rebar), merchant bar and structural products.

"As always, we will monitor the marketplace and will respond accordingly by making adjustments to our base pricing in order to assure you of a competitively priced product," the Nucor letter read.....

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