US rebar mills announce conflicting price increases

Tuesday, 19 August 2014 01:44:05 (GMT+3)   |   San Diego
       

After Steel Dynamics, Inc. announced a $20/nt ($1.00 cwt. or $22/mt) price increase for rebar last week, three other mills have announced their own increases in conflicting amounts.

Gerdau Long Steel North America matched SDI’s $20/nt increase, while Nucor and CMC announced $10/nt ($0.50 cwt. or $11/mt) increases. All increases are effective with shipments as of August 18.


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