In a letter to customers, Steel Dynamics Roanoke Bar Division announced it will increase merchant bar prices by $2.00 cwt. ($40/mt or $44/nt) effective with new orders as of Friday, April 7.
The company indicated the move is intended to “recover a portion of the gap created over the last six months between the rising cost of scrap and other inputs and merchant bar selling prices.”
Gerdau Long Steel North America issued a similar release to customers, but as of press time Nucor has not followed suit. Until then, the success of the price increase remains unclear.
Not including the $2.00 cwt. increase, current US domestic merchant bar list prices are as follows:
Shape/Size |
cwt. |
net tons |
metric tons |
Flat bar 2 x 1/4”: |
$34.15 |
$683 |
$753 |
Angle 2 x 2 x 1/4”: |
$32.80 |
$656 |
$723 |
Square bar 1”: |
$32.75 |
$655 |
$722 |
Round bar 1”: |
$34.20 |
$684 |
$754 |
Channels standard C 3 x 4.1 |
$33.75 |
$675 |
$744 |