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SDI, Gerdau trim bar products

Keywords: Tags  Steel Dynamics, SDI, Roanoke Bar, bar products, reinforcing bar, Gerdau Long Steel North America

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" (, 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.

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