Nucor Steel announced to customers on Friday, October 10, that, effective with shipments as of October 13, the company's raw materials surcharge (RMS) applicable to rebar will decrease to $83/nt ($91/mt or $4.15 cwt.) This represents a decline of $130/nt ($143.30/mt or $6.50 cwt.) compared to the surcharge that went into effect on September 10 last.
The net result of these changes is a decrease of $130/nt ($143.30/mt or $6.50 cwt.) for rebar transaction prices.