Nucor Steel announced to US customers on May 12 that pricing for its rebar, merchant bar and structural products will be up in June.
Effective with shipments as of June 1, 2008, the company's raw materials surcharge (RMS) applicable to rebar, merchant bar and structural products will be $403 /nt ($444.23 /mt or $20.15 cwt.), representing an increase of $10 /nt ($11.02 /mt or $0.50 cwt.) compared to the May RMS.
Also effective as of June 1, 2008, the company will increase base prices for the products in question by $30/nt ($33.07 /mt or $1.50 cwt.), resulting in a total increase of $40 /nt ($44.09 /mt or $2.00 cwt.) in transaction prices.