Nucor and Steel Dynamics have raised published prices for most merchant bar and structural products by $30/st, effective with new orders Monday, according to newly published price lists.
If absorbed into the market, the increase would represent the first price hike for MBQ products since May. The increase raises the published price for 2x2x1/4 angles to $631/st ($31.55/cwt), up from a previous list price of $601/st ($30.05/cwt).
Gerdau previously announced a $50/st increase on merchant bar products November 23, but put the increase on hold December 1 until "input markets settle and a clearer picture is in view," the company said.
