Small sections and merchant bars - U.S. market
Small sections and merchant bars for the week September 19, 2005 are reported as follows:ASTM A36/A6 Angles 2 x 2 x 1⁄4 $26.95 cwt. or $594.15/mt Flat Bars 3/16 x 2 $34.65 cwt. or $763.90/mt 1⁄2 x 4 $27.15 cwt. or $598.56/mt Square Bar 1 $28.90 cwt. or $637.14/mt Round Bar 1 $28.35 cwt. or $625.01/mt Channel 3 x 3.5# $28.90 cwt. or $637.14/mtAll the prices are ex-mill and include a September raw materials surcharge of $3.65 cwt. ($73/nt, $80.47/mt). Nucor announced last week they are increasing prices $20 per net ton ($22.05 per metric ton) as of October 1. The raw materials surcharge increase will be $40/nt ($44.09/mt) and a base price decrease of $20/nt. The effective October raw materials surcharge will be $5.65 cwt ($113/nt, $124.56/mt).