US steel companies are raising prices on long products

At least two leading U.S. steel producers have announced price increases for merchant bar (MBQ) and structural sections. These are Gerdau Long Steel North America and Nucor Bar Mill Group, which simultaneously revised their pricing at the end of April, according to Kallanish.

Gerdau raised prices for all commercial bar products by $40 per short ton, as well as by $60/ton for certain items, including angles, channels, and flat products. The new terms apply to orders received on or after April 30. At the same time, all orders confirmed as of the close of business on April 29 remain protected under the old prices, provided they are shipped by May 15.

Nucor Bar Mill Group announced a similar increase. The company raised prices for commercial long products by $40/ton and for certain large structural sections by $60/ton. The new prices took effect after the close of business on April 29. Orders confirmed prior to that date are subject to price protection provided they are shipped by May 13.

Both companies note that they reserve the right to revise their pricing policies depending on market conditions. Gerdau emphasized that it will continue to monitor the market to ensure competitive balance. Nucor added that unconfirmed offers may be revised or re-evaluated.

As a reminder, by the end of March, rebar prices in the U.S. fell by 1.6% – to $1,014.1/t. The market was the only major one to experience stagnation. For most of the month, prices remained largely unchanged, but began to decline toward the end of the period. The main reason was insufficient demand. New projects were launched slowly, and a significant portion of purchases amounted to minimal inventory replenishment.