Rebar static ahead of expected '13 rebound

Dec 11, 2012 | 04:35 PM | Michael Cowden

Tags  Nucor, reinforcing bar, rebar prices, steel, scrap surcharges, Michael Cowden

CHICAGO — The domestic reinforcing bar market is poised to hold steady heading into the new year as one producer said it plans to keep prices unchanged after a recent sideways move in scrap. But the picture could change in the coming months with an anticipated pickup in demand, sources said.

Charlotte, N.C.-based Nucor Corp. plans to lower its scrap surcharge on rebar, merchant bar and structural products by $1 per ton effective with Jan. 1 shipments following a slight dip in published scrap prices (amm.com, Dec. 10). But the steelmaker also said it would increase its base prices by the same amount, leaving tags unchanged, according to a letter to customers dated Monday.....





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