On Tuesday, September 18, Nucor Steel announced to customers its pricing for rebar, merchant bar, structural and wide flange beam products shipped in October.
The company's raw material surcharge (RMS) for these products as of October 1 will be $133 /nt ($6.65 cwt. or $147 /mt), an increase of $17 /nt ($0.85 cwt. or $19 /mt) compared to the September RMS.
Correspondingly, Nucor will lower base prices for rebar by $17 /nt, resulting in no net change in pricing for rebar orders shipped in October.
For October shipments of merchant bar and structural products, the company will lower base prices by $7 /nt ($0.35 cwt. or $8 /mt), resulting in a net increase of $10 /nt ($0.50 cwt. or $11 /mt) for merchant bar and structural product pricing in October.
As for wide flange beams, Nucor will keep base prices unchanged in October, resulting in a net increase of $17 /nt for October beam shipments.