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Gerdau Long Steel cuts merchant product prices $20/T

Keywords: Tags  Gerdau Long Steel North America, merchant products, angles, channels, flats, rounds, squares, base prices

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 reduction—which applies to most angles, channels, flats, rounds and squares—comes "in light of increasing levels of competition from both domestic and foreign producers," the Tampa, Fla.-based company said.

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