After Steel Dynamics, Inc. announced a $20/nt ($1.00 cwt. or $22/mt) price increase for rebar last week, three other mills have announced their own increases in conflicting amounts.
Gerdau Long Steel North America matched SDI’s $20/nt increase, while Nucor and CMC announced $10/nt ($0.50 cwt. or $11/mt) increases. All increases are effective with shipments as of August 18.