Nucor holds line on February rebar prices

Jan 11, 2013 | 05:09 PM | Michael Cowden

Tags  Nucor, reinforcing bar, merchant bar, structrual products, price announcement, construction, imports, Turkey steel

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 (, Dec. 11).....

Latest Pricing Trends


Are you stocking more inventory today than 18 months ago?


View previous results