Gerdau nixes merchant bar hike

Jun 02, 2014 | 12:24 PM | Thorsten Schier

Tags  Gerdau Long Steel North America, merchant bar, price rescind, steel, Thorsten Schier

NEW YORK — Gerdau Long Steel North America is rescinding a $20-per-ton ($1-per-hundredweight) price increase on merchant bar products.

The increase—which had been slated to take effect with June 2 shipments and affects most angles, channels, flats, rounds and....

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