In a letter to customers, Nucor announced that it will be raising wire rod transaction prices by $3.00 cwt. ($66/mt or $60/nt), effective with all new orders.
The move follows Nucor’s mid-November price increase of $1.00 cwt. ($22/mt or $20/nt).
Prior to the announcement, US domestic wire rod spot prices were trending at $40.00-$41.00 cwt. ($882-$904/mt or $800-$820/nt) ex-mill.