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SDI’s Roanoke unit drops bar $20 per ton

Keywords: Tags  Steel Dynamics Roanoke Bar Division, rebar, merchant bar, Nucor, Gerdau

NEW YORK — Steel Dynamics Inc.’s (SDI’s) Roanoke Bar unit in Roanoke, Va., has lowered its price for all products by $20 per ton ($1 per hundredweight) effective with May 2 shipments.

"Steel Dynamics Roanoke Bar division reserves the right to be competitive in the marketplace where necessary," the company added in its May 3 letter to customers announcing the move.

The drop in bar prices comes after Nucor Corp. and Gerdau Long Steel North America separately dropped their prices on concrete reinforcing bar and merchant bars by $20 per ton last week (, May 3).

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