US longs leader Nucor Bar Mill Group has announced to customers that it will keep net transaction prices for rebar, merchant bar and structural products stable in February.
Effective with shipments February 1, 2009, Nucor's raw materials surcharge (RMS) applicable to rebar, merchant bar and structural products will be $78 /nt ($86 /mt or $3.90 cwt.), which represents an increase of $8 /nt ($9 /mt or $0.40 cwt.) compared to the January 2009 surcharge.
In addition to the new RMS taking effect on February 1, Nucor will decrease base prices for these products by $8/nt. The net effect of this move is that transaction pricing for rebar, merchant bar and structural products will remain unchanged.