Nucor Steel announced to US customers on March 12 that pricing for its rebar and merchant bar and structural products will be up in April.
Effective with shipments as of April 1, 2008, the company's raw materials surcharge (RMS) applicable to rebars, merchant bars and structural products will be $246 /nt ($271.17 /mt or $12.30 cwt.), representing an increase of $21 /nt ($23.15 /mt or $1.05 cwt.) compared to the March RMS.
Also effective as of April 1, 2008, the company will increase base prices for the products in question by $4/nt, resulting in an increase of $25/nt in transaction prices.