NEW YORK Nucor
Corp. has raised its price on rebar by $10 per ton (50 cents
per hundredweight) effective immediately on all new orders, the
company said in a Nov. 5 letter to customers.
The Charlotte, N.C.-based steelmaker said all confirmed
orders made by the close of business Nov. 5 would be price
protected if shipped by Nov. 30. The move follows a $20-per-ton
($1-per-cwt) increase by Tampa, Fla.-based Gerdau Long Steel
North America (
amm.com, Nov. 4).