Tuesday, October 14, 2008

American mini-mill drops steel rebar prices by $130

Nucor advised customers on Friday that it would reduce its price for reinforcing bar by a $130 this week. This follows two previous reductions of $70 and $30 in September and August.

Mini mills production is based on electric arc production, so raw material is closely tied to scrap prices, which have collapsed in recent weeks.


Nucor drops US steel rebar prices by $130 on Monday, October 13


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