NEW YORK Steel Dynamics
Inc.s Roanoke Bar division has decreased its base price
on all bar products except reinforcing bar by $50 per ton
($2.50 per hundredweight) effective Feb. 15.
Fort Wayne, Ind.-based SDI did not indicate in a letter to
customers why it lowered prices, but its decision followed a
leading move by Charlotte, N.C.-based Nucor Corp. to cut prices
on merchant bars and structural products by $50 per ton in
"order to better respond to market conditions" (
amm.com, Feb. 15).
Gerdau Long Steel North America, Tampa, Fla., decreased
published prices for merchant products by $50 per ton Feb. 15,
according to a market source.