Nucor Steel announced to US customers on Wednesday that pricing for its rebar, merchant bar and structural products will remain unchanged in December.
Effective with shipments as of December 1, 2007, the company's raw materials surcharge (RMS) applicable to rebars, merchant bars and structural products will be $118 /nt ($130 /mt or $5.90 cwt.), representing a decrease of $15 /nt ($16.50 /mt or $0.75 cwt.) compared to the November RMS -- roughly the same amount that US shredded scrap prices decreased in November.
Also effective as of December 1, the company will increase base prices for those products by $15 /nt, resulting in no net change in transaction prices from November to December.