In a letter to customers late Friday, Nucor announced that it will decrease the price of certain rebar products by $1.00 cwt. ($20/nt or $22/mt), effective immediately.
Products included are sizes #3 – #11, ASTM 615 grade 40 and 60, 20-foot-length rebar.
Nucor said the reduction in price is due to “developments in international markets and recent import offers destined for the United States from Turkey, Japan and other countries.”