In a letter to customers sent late Monday, Nucor announced that it will increase its rebar transaction prices by $10/nt ($0.50 cwt. or $11/mt), effective with all new orders. However, all confirmed orders as of October 14 will be price protected if shipped no later than November 8.
Early Tuesday, Gerdau Long Steel North America matched Nucor's increase, but instead shortened the "price protection" window to November 1.
As of press time, other mills had not confirmed a similar increase, but sources expect them to fall in line.