Nucor announced Friday that effective immediately, the Raw Materials Surcharge (RMS) applicable to concrete reinforcing bars, merchant bars and structural products will be $210/nt ($10.50 cwt. or $231/mt), representing a $58/nt ($2.90 cwt. or $64/mt) decrease from the June 1, 2012 surcharge.
Additionally, Nucor will increase the base price for rebar, merchant bar and structural products by $28/nt ($1.40 cwt. or $31/mt). The net effect of this move is that transaction prices for these products will decrease by $30/nt ($1.50 cwt. or $33/mt).
Published prices for merchant bar will now be as follows:
ASTM A36/A6
Product Name | Specification | Price ($/cwt) | Price ($/mt) | Price ($/nt) |
Angles | 2 x 2 x 1/4" | $44.55 cwt. | $982/mt | $891/nt |
Flat Bars | 3/16 x 2" | $49.75 cwt. | $1,107/mt | $1,005/nt |
1/2 x 4" | $44.75 cwt. | $986/mt | $895/nt | |
Square Bar | 1" | $46.50 cwt. | $1,025/mt | $930/nt |
Round Bar | 1" | $45.95 cwt. | $1,013/mt | $919/nt |
Channels | 3 x 3.5" | $46.50 cwt. | $1,025/mt | $930/nt |
*Prices above include RMS and are effective to customers.
June 8 RMS | $10.50 cwt. ($231/mt or $210/nt) |
June 1 RMS | $13.40 cwt. ($295/mt or $268/nt) |
May 1 RMS | $13.40 cwt. ($295/mt or $268/nt) |
April 1 RMS | $13.90 cwt. ($306/mt or $278/nt) |
Feb 10 RMS | $13.90 cwt. ($306/mt or $278/nt) |