Nucor Steel has announced to its US customers that net transaction prices for its rebar and merchant bar products will remain unchanged in September.
Effective with shipments as of September 1, 2007, Nucor's raw materials surcharge (RMS) applicable to rebar and merchant bars will be $116 /nt ($128 /mt or $5.80 cwt.), representing an $11 /nt ($12 /mt or $0.55 cwt.) increase from the company's August RMS.
Also taking effect as of September 1, 2007, Nucor will decrease base prices for rebar and merchant bars by $11 /nt. The net effect of this move is that Nucor's transaction pricing for September shipments of rebar and merchant bar will remain unchanged from August levels.
Nucor mills also announced earlier this month that effective immediately, transaction prices for 20-foot rebar in sizes 10mm (#3) to 19mm (#6), grade 40 to 60, would be lowered by $20 /nt to $40 /nt, depending on the region. This is also known as a "foreign fighter" discount, as 20-foot rebars are commonly imported.