In a letter to customers late Tuesday, Nucor announced it will raise wire rod prices by $1.50 cwt. ($33/mt or $30/nt), effective with all new orders as of March 10. Existing orders will be price protected if shipped by March 31.
Additionally, all wire rod products with diameters below ¼ inch are subject to a size extra of $0.50 cwt. ($11/mt or $10/nt).