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Gerdau hikes wire rod $30 per ton

Keywords: Tags  Wire rod, Gerdau Long Steel North America, price increase, Samuel Frizell

NEW YORK — Gerdau Long Steel North America has increased its price on all wire rod products by $30 per ton ($1.50 per hundredweight) effective Nov. 4, the company said in a Nov. 1 letter to customers.

The company said all confirmed orders would be price protected if shipped by Nov. 30.

The move follows a $20 per ton price increase by Nucor Corp. last week (, Oct. 22) .

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