NEW YORK Nucor Corp. has
lowered its base price on concrete reinforcing bar by $20 per
ton ($1 per hundredweight) effective with shipments May 2, the
steelmaker said in a May 2 letter to customers.
The announcement came one day
after Gerdau Long Steel North America said it was lowering its
base price on rebar by $20 per ton (
amm.com, May 2).
Charlotte, N.C.-based Nucor said the $20-per-ton drop will
be the new transaction price "regardless of any change in the
raw material surcharge," which is based on AMMs
consumer buying price for shredded automotive scrap in the