Steel Mills

Gerdau Long Steel NA Raises Merchant, Structural Prices by $50/ton

Written by Michael Cowden

March 13, 2023

Gerdau Long Steel North America aims to increase prices for most merchant, structural, miscellaneous beams, and piling product by $50 per ton ($2.50 per cwt).

The move is effective with new orders as of Monday, March 13, the steelmaker said in a letter to customers the same day.

 Gerdau Logo2.0But orders confirmed as of the close of business on Friday, March 10, will be protected at pre-increase levels if shipped before April 1, Gerdau said.

“We will continue to monitor the market to ensure Gerdau and our partners are on a competitive playing field and reserve the right to make adjustments to our pricing policy as needed,” the company said.

Gerdau Long Steel North America is a subsidiary of Brazilian steelmaker Gerdau, one of the largest long products steelmakers in the Americas.

Editor’s note: SMU does not price long products. But at the request of SMU members, we will aim to provide more long products coverage.

By Michael Cowden, michael@steelmarketupdate.com

Michael Cowden

Michael Cowden is editor-in-chief for Steel Market Update. Cowden has covered the steel industry since 2007. He specializes in flat-rolled steel but has also reported on steel long products, steel pipe and tube, and aluminum. Before joining SMU, Cowden held reporting jobs at Fastmarkets AMM in Chicago, the Associated Press in Pittsburgh, and the Cambodia Daily in Phnom Penh. He has also worked as a copy editor and in marketing at the University of Chicago Press. Cowden has a BA in English from the University of Chicago and an MSJ journalism from Northwestern University’s Medill School of Journalism. Contact him at michael@steelmarketupdate.com or 724-759-7872.

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