Nucor raises rebar, bar and structural prices $55 /nt

Nucor Steel has announced that effective with shipments April 1, 2007, net transaction pricing for its rebar, merchant bar and structural products will increase by $55 /nt ($61 /mt or $2.75 cwt.). The $55 /nt increase is a result of a $70 /nt ($77 /mt or $3.50 cwt.) increase in the Raw Materials Surcharge (RMS) applicable to rebar, merchant bar and structural products, and a $15 /nt ($16.50 /mt or $0.75 cwt.) decrease in base prices for these products. The April RMS will be $203 /nt ($224 /mt or $10.15 cwt.).