Nucor boosts wire rod prices $40/ton
Mar 12, 2013 | 09:12 AM
| Samuel Frizell
Tags
Nucor,
wire rod,
special bar quality,
No. 1 busheling,
shredded auto scrap,
price increases,
Samuel Frizell
NEW YORK — Nucor Corp. announced a price increase of $40 per ton ($2 per hundredweight) on wire rod following an uptick in scrap prices last week, but it remains unclear how much of the change will stick, market sources said.
The company hiked rod prices effective with April 1 shipments, according to letters to customers dated March 8 and 11. It was the first announced increase in rod prices since November. ....
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