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Nucor long product prices flat for July

Keywords: Tags  Nucor, structural products, merchant bars, rebar, shredded automotive scrap, raw material surcharge

NEW YORK — Nucor Corp. is holding the line on steel reinforcing bar, merchant bar and structural product prices for July, the company said in a June 28 letter to customers.

The announcement came before AMM settled its Chicago consumer buying price for shredded automotive scrap, traditionally used as the basis for Nucor’s raw material surcharge.

"This will serve to be our pricing for the month of July, regardless of any change in the raw material surcharge," Charlotte, N.C.-based Nucor said in its letter.

It is the third month in a row that Nucor has announced its prices independent of scrap prices as the company de-emphasizes its scrap surcharge (, June 6).

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