SteelOrbis has learned that Nucor Bar Mill Group announced to customers Monday that effective with shipments as of March 2, 2009, the company has decreased its transaction prices for merchant bar and structural products by $5.00 cwt. ($110 /mt or $100 /nt).
The US longs leader attributed its rather unusually-timed pricing move to the need to "address the competitive pricing being offered by both foreign and domestic competition," as stated in the letter to customers.
Nucor's current raw materials surcharge (RMS) for long products, announced February 17, will remain unchanged at $48 /nt ($2.40 cwt. or $53 /mt), the company says. The company also assured customers that it will continue to monitor the marketplace and respond accordingly in order to assure its customers will receive a competitively priced product.
Taking into account Nucor's latest pricing move, published prices for merchant bars are as follows:
ASTM A36/A6 |
|
Angles |
|
2 x 2 x 1/4": |
$35.05 cwt. ($773 /mt or $701 /nt) |
Flat bars |
|
3/16 x 2": |
$40.25 cwt. ($887 /mt or $805 /nt) |
1/2 x 4": |
$35.25 cwt. ($777 /mt or $705 /nt) |
Square bar |
|
1": |
$37.00 cwt. ($816 /mt or $740 /nt) |
Round bar |
|
1": |
$36.45 cwt. ($804 /mt or $729 /nt) |
Channels |
|
3 x 3.5: |
$37.00 cwt. ($816 /mt or $740 /nt) |
Prices above include RMS and are effective to customers.
February 17 RMS |
$2.40 cwt. ($53 /mt or $48 /nt) |
February 1 through February 16 RMS |
$3.90 cwt. ($86 /mt or $78 /nt) |
January RMS |
$3.50 cwt. ($77 /mt or $70 /nt) |