NEW YORK Gerdau Long
Steel North America has lowered its merchant steel product base
prices by $20 per ton ($1 per hundredweight) effective with May
1 shipments, the company said in a letter to customers.
The price reductionwhich applies to most angles,
channels, flats, rounds and squarescomes "in light of
increasing levels of competition from both domestic and foreign
producers," the Tampa, Fla.-based company said.