Gerdau lifts merchant bar prices by $40 per tonne

Gerdau Long Steel North America has increased merchant bar prices, citing “extraordinary” and “escalating” costs in a March 28 letter to customers.

Gerdau raised published prices for most angles, channels, flat products, rounds and squares by $40 per net ton ($2 per hundredweight) effective with new orders beginning April 7. However, orders confirmed by April 6 will be price protected if shipped by April 30, the company said. The move...

Published

Nat Rudarakanchana

March 28, 2017

21:25 GMT