Small sections and merchant bars - U.S. market
Last week, leading bar producer Nucor has announced they will raise their raw materials surcharge (RMS) $40 /nt to $5.15 cwt. ($103.00 /nt or $113.54 /mt) effective December 1. Unlike rebars and wide flange beams however, they decreased their base prices by $20.00 /nt. The effective net price increase to customers for merchant bars is $20.00 /nt. Small sections and merchant bars for the week November 14, 2005 are reported as follows:ASTM A36/A6 Angles 2 x 2 x 1⁄4 $26.95 cwt. or $594.15/mt, $539.00/nt Flat Bars 3/16 x 2 $33.65 cwt. or $741.86/mt, $673.00/nt 1⁄2 x 4 $27.65 cwt. or $609.58/mt, $558.00/nt Square Bar 1 $28.90 cwt. or $637.14/mt, $578.00/nt Round Bar 1 $28.35 cwt. or $625.01/mt, $567.00/nt Channels 3 x 3.5# $28.90 cwt. or $637.14/mt, $578.00/ntAbove prices are ex-mill and effective to customers. November RMS: $3.15 cwt ($63 / net ton, $69.45 /metric ton). October RMS: $5.65 cwt ($113 / net ton, $124.56 /metric ton).