Merchant bars and small sections prices - US Market
Domestic prices remained unchanged since our last report on January 24th. However, the scrap prices have been going up and the raw materials surcharge will increase by $25 /nt ($27.56 /mt or $1.25 cwt.) for March. Nucor may not increase transaction prices by the full $25 /nt but a certain price increase expected. Stay tuned for new price announcement from Nucor next week. Current small sections and merchant bar pricing for the week of February 6, 2006 are reported as follows:ASTM A36/A6 Angles 2 x 2 x 1/4" $27.95 cwt. ( $616 /mt or $559 /nt) Flat Bars 3/16 x 2" $35.65 cwt. ($786 /mt or $713 /nt) 1/2 x 4" $28.15 cwt. ($620 /mt or $563 /nt) Square Bar 1" $29.90 cwt. ($659 /mt or $598 /nt) Round Bar 1" $29.35 cwt. ($647 /mt or $587 /nt) Channels 3" x 3.5 $29.90 cwt.($659 /mt or $598 /nt)Above prices are ex-mill, effective to customers and include the raw materials surcharge. Effective charges will remain the same throughout February. December RMS $5.15 cwt. ($103 /nt or $113 /mt) January RMS $4.40 cwt. ($88 /nt or $97 /mt) February RMS $3.15 cwt. ($63 /nt or $69 /mt)