Nucor raises bar and structural prices $30 /nt

Nucor Steel has announced to customers that effective with shipments starting March 1, 2007, its raw materials surcharge (RMS) applicable to rebars, merchant bars and structural products will increase $40 /net ton (nt) ($44 /mt or $2.00 cwt.) from February's RMS, to $133 /nt ($147 /mt or $6.65 cwt). In addition to the RMS increase, the company will decrease the base price for rebars, merchant bars, and structurals by $10 /nt ($11 /mt or $0.50 cwt.), resulting in a $30 /nt ($33 /mt or $1.50 cwt.) net increase in transaction prices for these products as of March 1, 2007.