NEW YORK Gerdau Long Steel North America has raised its
prices for all wire rod products at its Beaumont, Texas, and
Jacksonville, Fla., mills effective with shipments April 1.
Gerdau will raise prices for all products by $35 per ton ($1.75
per hundredweight), except for cold-heading quality and welding
grades, which will record a $43 per ton ($2.15-per-cwt) price
rise, according to a March 13 letter to customers.
Gerdaus move follows news of a $40-a-ton price increase
on wire rod products by Nucor Corp. (
amm.com, March 12
The announcement comes after scrap transactions in Chicago
settled up across the board last week, with AMMs consumer
buying price for shredded auto scrapan industry benchmark
for some steel raw material surchargesrising $35 per ton
and AMMs price for No. 1 busheling rising $43 per ton (
amm.com, March 7