It’s reported that Gerdau Long Steel North America announced to raise its prices for rebar, merchant bars and beams.
The company decided to hike its prices for rebar and merchant bars by US$10/short ton. It also increased beam product prices by US$5/short ton.
Besides, the price rise is effective with all new orders.
Meanwhile, Gerdau Long Steel North America has increased its beam prices by a total of US$35/short ton since early November.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=67842&division=A4
