Scrap goes down but long products remain same

Scrap goes down but long products remain same

Leading rebar and merchant bar producer Nucor has advised customers that their Raw Materials Surcharge (RMS) has decreased by $25 /nt ($27.56 /mt or $1.13 cwt.) for rebar, merchant bar, and structural products, effective February 1, 2006. The RMS decrease, however, will be offset by an equal increase in base prices as of February 1. This move will not change customers' effective prices for February -- a good indication that the markets remain strong for bar products. Nucor's RMS is now $63 /nt ($69.45 /mt or $2.86 cwt).