NEW YORK Gerdau Long Steel North America has raised its prices for all wire rod products at its Beaumont, Texas, and Jacksonville, Fla., mills effective with shipments April 1.
Gerdau will raise prices for all products by $35 per ton ($1.75 per hundredweight), except for cold-heading quality and welding grades, which will record a $43 per ton ($2.15-per-cwt) price rise, according to a March 13 letter to customers.
Gerdaus move follows news of a $40-a-ton price increase on wire rod products by Nucor Corp. (amm.com, March 12
The announcement comes after scrap transactions in Chicago settled up across the board last week, with AMMs consumer buying price for shredded auto scrapan industry benchmark for some steel raw material surchargesrising $35 per ton and AMMs price for No. 1 busheling rising $43 per ton (amm.com, March 7