Gerdau Long Steel
North America is holding prices flat on steel reinforcing bar
for July, the company said in a July 3 letter to customers.
"We will continue to
monitor the market to ensure Gerdau and its partners are on a
competitive playing field," the company said in its letter,
sent the same day that AMM settled its Chicago
consumer buying price for shredded automotive scrap,
traditionally used as the basis for raw material surcharges for
The move marks the third month in a row that Gerdau has
announced its prices independent of scrap price movements.