Nucor holds line on February rebar prices
Jan 11, 2013 | 05:09 PM
| Michael Cowden
CHICAGO Nucor Corp. plans to hold the line on transaction prices for concrete reinforcing bars, merchant bars and structural products for a second consecutive month, a move that will likely be followed by other mills, market sources said.
The Charlotte, N.C.-based steelmaker said in a letter to customers Thursday that its raw material surcharge would stay the same in February. As a result, "the net effect is that our transaction pricing ... will remain unchanged," the company said.
The steelmaker had lowered its January scrap surcharge by $1 per ton while increasing its base prices by the same amount, resulting in no net change to transaction prices this month vs. December (amm.com, Dec. 11).....
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