Nucor Steel- Texas announced Monday that effective with shipments October 1, 2011, the Raw Materials Surcharge (RMS) applicable to concrete reinforcing bars, merchant bars and structural products will continue to be $288/nt ($14.40 cwt. or $317/mt) for the fourth consecutive month.
The company will increase their base price on reinforcing bars by $20/nt ($1.00 cwt or $22/mt). The net effect of this move is that transaction pricing for reinforcing bars will increase $20/nt ($1.00 cwt. or $22/nt). Additionally, effective Monday, transaction pricing for all new orders of 20-foot lengths of reinforcing bar will increase $30/nt ($1.50 cwt. or $33/mt). All reinforcing bar orders "currently on the books" and shipped prior to October 1 will be price protected.
Transaction pricing for merchant bars and structural products will remain neutral.
Published prices for merchant bar will be as follows:
ASTM A36/A6Product Name |
Specification |
Price ($/cwt) |
Price ($/mt) |
Price ($/nt) |
Angles |
2 x 2 x 1/4" |
$45.30 cwt. |
$999/mt |
$906/nt |
Flat Bars |
3/16 x 2" |
$50.50 cwt. |
$1,124/mt |
$1,020/nt |
1/2 x 4" |
$45.50 cwt. |
$1,003/mt |
$910/nt |
|
Square Bar |
1" |
$47.25 cwt. |
$1,042/mt |
$945/nt |
Round Bar |
1" |
$46.70 cwt. |
$1,030/mt |
$934/nt |
Channels |
3 x 3.5" |
$47.25 cwt. |
$1,042/mt |
$945/nt |
Sept 1 RMS |
$14.40 cwt. ($317/mt or $288/nt) |
Aug 1 RMS |
$14.40 cwt. ($317/mt or $288/nt) |
July 1 RMS |
$14.40 cwt. ($317/mt or $288/nt) |
June 1 RMS |
$14.40 cwt. ($317/mt or $288/nt) |
May 11 RMS |
$13.65 cwt. ($301/mt or $273/nt) |