Nucor Bar Mill Group announced to customers Friday that effective with shipments as of January 1, 2009 the company's raw materials surcharge (RMS) applicable to rebar, merchant bar and structural products will be $3.50/cwt ($70/nt, $77.16/mt). This represents an increase of $70/nt ($77.16/mt or $3.50 cwt.) compared to the surcharge that went into effect on November 6, 2008.
Meanwhile, Nucor will decrease base prices by $70/nt ($77.16/mt or $3.50 cwt.) for rebars, merchant bars and structural products.
As the net result of these changes, the producer's transaction prices for rebar, merchant bar and structural products will remain unchanged.