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 Nucors 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 (
amm.com, June 6).