In a letter to customers late Friday, Nucor announced that it will increase published prices for merchant bar products by $1.50 cwt. ($30/nt or $33/mt), effective with new orders as of Monday, Dec. 5.
The move follows Gerdau’s announcement the day before that it will delay the $2.50 cwt. ($50/nt or $55/mt) merchant bar price increase announced in late November.
As of press time, other mills have not followed Nucor’s increase, but if they do as expected, market-wide published prices will be as follows:
Shape/Size |
cwt. |
net tons |
metric tons |
Flat bar 2 x 1/4”: |
$32.90 |
$658 |
$725 |
Angle 2 x 2 x 1/4”: |
$31.55 |
$631 |
$696 |
Square bar 1”: |
$31.50 |
$630 |
$694 |
Round bar 1”: |
$32.95 |
$659 |
$726 |
Channels standard C 3 x 4.1 |
$32.50 |
$650 |
$717 |