Nucor Bar Mill Group has announced that effective with shipments from April 12, 2007, the company's net transaction prices for rebar products will decrease by $15 /nt ($16.50 /mt or $0.75 cwt.), while net transaction prices for merchant bar and structural products will decrease by $25 /nt ($28 /mt or $1.25 cwt.).
As of April 12, the raw materials surcharge (RMS) applicable to rebar, merchant bar and structural products will decrease by $45 /nt ($50 /mt or $2.25 cwt.), rebar base prices will increase by $30 /nt ($33 /mt or $1.50 cwt.), while merchant bar and structural base prices will increase by $20 /nt ($22 /mt or $1.00 cwt.) Therefore, the net result is that rebar product prices will decrease by $15 /nt, while merchant bar and structural prices will decrease by $25 /nt.
The new RMS is $158 /nt ($174 /mt or $7.90 cwt.).