Nucor has announced to customers that June prices for rebar, merchant bar, structural products and wide flange beams will not change from May pricing levels.
Effective with shipments June 1, 2007, the raw materials surcharge (RMS) applicable to rebar, merchant bar, structurals and beams will be $100 /nt ($110 /mt or $5.00 cwt.), representing a decrease of $58 /nt ($64 /mt or $2.90 cwt.) when compared to Nucor's May RMS for these products.
Correspondingly, Nucor will increase the base prices for these products by $58 /nt, resulting in no net change in transaction prices for June shipments of rebar, merchant bar, structurals and beams.