In a letter to customers Wednesday, Nucor Bar Mill Group announced that effective with new orders on April 7, the company will increase the published price for most merchant and structural products by $1.50/cwt. ($30/nt or $33/mt).
The company also said that all confirmed orders as of the close of business on April 6 will be price protected if shipped before May 1, 2016.
Other merchant bar mills are expected to follow suit.