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 |