Nucor Steel announced to US customers on December 12 that pricing for its rebar and merchant bar and structural products will be up in January.
Effective with shipments as of January 1, 2008, the company's raw materials surcharge (RMS) applicable to rebars, merchant bars and structural products will be $153 /nt ($168.65 /mt or $7.65 cwt.), representing an increase of $35 /nt ($38.58 /mt or $1.75 cwt.) compared to the December RMS.
Also effective as of January 1, 2008, the company will decrease base prices for the products in question by $10/nt, resulting in an increase of $25/nt in transaction prices.