NEW YORK Nucor Corp. is keeping all of its published prices on reinforcing bar, merchant bar and structural products unchanged, the company announced in a June 5 letter to customers.
The announcement came before AMM settled its Chicago consumer buying price for shredded automotive scrap, traditionally used as the basis for Nucors raw material surcharge.
"This will serve to be our pricing for the month regardless of any change in the raw material surcharge, which will be announced no later than the third Monday of the month," Charlotte, N.C.-based Nucor said in its letter.
"As always, we will monitor the marketplace and will respond accordingly by making adjustments to our pricing in order to assure you of a competitively priced product," the steelmaker added.
Gerdau Long Steel North America also announced this week plans to keep prices flat (amm.com, June 3).