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
"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).