Nucor follows CMC, raises rebar prices by $25 per ton

US steelmaker Nucor has followed the lead shown by Commercial Metals Co (CMC) and raised its rebar prices by $25 per ton ($1.25 per hundredweight), according to a customer letter from its Nucor Steel Jackson division, released late on Wednesday December 6.

The rise became effective with new orders received on December 7, but confirmed orders received as of the close of business on Wednesday will be price-protected if they are shipped before December 30, the steelmaker said. “As always, we will monitor the marketplace and respond accordingly, in order to assure you of receiving a competitively priced...

Published

Nat Rudarakanchana

December 07, 2017

19:25 GMT

New York