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Nucor raises rebar by net $25/T

Keywords: Tags  Nucor Corp., rebar, merchant bar, structural products, increase, scrap surcharge, shreded automotive scrap, Samuel Frizell

NEW YORK — Nucor Corp. has raised its raw materials surcharge on steel reinforcing concrete bar (rebar), merchant bars and structural products by $35 per ton ($1.75 per hundredweight) and lowered its base price for the products by $10 per ton (50 cents per cwt), resulting in a $25-per-ton ($1.25-per-cwt) net increase in transaction prices effective with April 1 shipments, the steelmaker said in a March 12 letter to customers. 

The Charlotte, N.C.-based company’s surcharge is based on AMM’s consumer buying price for shredded automotive scrap in Chicago, which rose $35 this month (, March 7). 

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