CHICAGO Gerdau Long Steel
North America has lowered published prices for most angles,
channels, flats, rounds and squares by $40 per ton ($2 per
The Tampa, Fla.-based steelmaker
said in a letter to customers dated Thursday that the decrease
was effective immediately. "In light of the continued
volatility in the steel market, all price announcements in the
future, whether it is a decrease or an increase, will be
effective immediately at the time of the announcement," the
Gerdau dropped straight-length
reinforcing bar by $25 per ton ($1.25 per cwt), also effective
amm.com, Oct. 11).
The moves followed similar decreases by other domestic
steelmakers in recent days.