Small sections and merchant bars - U.S. market
Leading merchant bar producer Nucor has announced that they will increase merchant bar prices $2.25 cwt. ($49.60/mt) effective September 1. According to latest scrap index the raw materials surcharge is $3.65 cwt. ($80.47/mt) and Nucor is decreasing their base price by $1.40 cwt. ($30.86/mt). Small sections and merchant bars for the week August 15, 2005 are reported as follows: ASTM A36/A6 Angles 2 x 2 x 1⁄4 $24.70 cwt or $544.54/mt Flat Bars 3/16 x 2 $32.40 cwt or $714.30/mt 1⁄2 x 4 $24.90 cwt or $548.95/mt Square Bar 1 $26.65 cwt or $587.53/mt Round Bar 1 $26.10 cwt or $575.41/mt Channel 3 x 3.5# $26.65 cwt or $587.53/mt Above prices are ex mill and include an updated $0 cwt. current raw materials surcharge.