Gerdau follows $20/T rebar price increase

Gerdau Long Steel North America increased rebar prices by $20 per ton effective with new orders on September 26, the company said in a letter to customers on Tuesday.

The move by Gerdau follows a similar one by Commercial Metals Co and comes despite stable scrap markets in September. Gerdau applied the increase to all “concrete reinforcing bar products” in the USA. Orders confirmed by September 25 are price-protected if shipped by October...

Published

September 26, 2017

23:11 GMT