Nucor’s merchant bar hike seen sticking

Dec 19, 2013 | 03:38 PM | Thorsten Schier

Tags  merchant bar, Nucor, Gerdau Long Steel North America, price increases, Steel Dynamics, Roanoke Bar division, merchant bar prices, Thorsten Schier

NEW YORK — Nucor Corp.’s recent $20-per-ton ($1-per-hundredweight) increase on merchant bar and structural products is expected to take hold, according to some market participants.

"I would think it’s probably going to hold because of scrap going up and because the first quarter is usually a little stronger," one Midwest service center source said.....

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