NEW YORK Nucor Corp. has
lowered its net price for concrete reinforcing bar (rebar) by
$15 per ton effective with April 11 shipments following last
weeks downturn in scrap prices.
The Charlotte, N.C.-based
steelmaker said it was increasing its base price for rebar by
$7 per ton (35 cents per hundredweight) but reducing its scrap
surcharge by $22 per ton ($1.10 per cwt), according to an April
10 letter to customers. The move changes the steelmakers
announced April 1 increase of $25 per ton to a $10-per-ton
increase, the company said.
consumer buying price for shredded automotive scrapused
as the basis for Nucors raw materials surchargefell
$22 per ton last week (
amm.com, April 4).
Nucors net price decrease comes on the heels of Gerdau
Long Steel North Americas recent announcement that it
would boost transactional prices on rebar products by $10 per
ton (50 cents per cwt) effective with new orders April 15 (
amm.com, April 5).