Nucor Bar Mill Group has announced to customers that effective with shipments from July 1, 2007, the raw materials surcharge applicable to rebar, merchant bar and structural products will increase by $5 /nt ($5.50 /mt or $0.25 cwt.), while base prices for these products will decrease by $5 /nt.
The net result of this move is that transaction prices for these products will remain unchanged.
The raw material surcharge for July will be $105 /nt ($116 /mt or $5.25 cwt.) compared to the June raw material surcharge of $100 /nt ($110 /mt or $5.00 cwt.), and the May raw material surcharge of $158 /nt ($174 /mt or $7.90 cwt.).