Steel Prices
CMC, Gerdau raise rebar prices by $60-100/ton
Written by Stephanie Ritenbaugh
June 6, 2025
Commercial Metals Co. (CMC) and Gerdau aim to increase prices for rebar by $60-$100/ton depending on the mill and the product.
The two steelmakers said the increases were effective on Friday, June 6, in letters to customers dated the same day.
Irving, Texas-based CMC said it would raise rebar prices from its East Division mills in South Carolina, Florida, Tennessee, and New Jersey by $60/ton. Twenty-foot lengths will see an increase of an additional $40/ton.
The company added that orders that had been placed by the close of business on Thursday, June 5, would be kept at pre-increase levels if shipped by June 19.
Gerdau Long Steel North America, meanwhile, said it would raise US rebar prices by $60/ton. Twenty-foot lengths will go up by an additional $40/ton.
The company said orders confirmed by the close of business on Friday would be protected at pre-increase levels if shipped by June 22.
“We will continue to monitor the market to ensure that Gerdau and its partners are on a competitive playing field and reserve the right to make adjustments to our pricing policy as needed,” Gerdau added in its letter to customers.
Stephanie Ritenbaugh
Read more from Stephanie RitenbaughLatest in Steel Prices
Nucor HR spot price flat at $875/ton
Nucor kept its consumer spot price (CSP) for hot-rolled coil at $875 per short ton (st) for the ninth straight week.
HRC-galvanized price gap edges higher
After marginally rising in August and September, the premium galvanized coil carries over hot-rolled coil (HRC) coil has narrowed again in recent weeks. As of Sept. 16, the spread between these two products has shrunk to a two-and-a-half-year low of $125 per short ton (st).
Hot-rolled sources say demand continues to dwindle, prices feel arbitrary
Genuine demand, they stated, will return when the market feels stable again.
Gap between US HR prices, imports narrows
SMU’s average price for domestic hot-rolled (HR) coil was $800 per short ton (st) this week, up $5/st week on week (w/w). In offshore markets last week, prices were varied.
Busheling and shredded tags drop, widening HRC vs. prime scrap spread
US scrap prices fell on busheling and shredded in October, while HMS remained flat, market sources told SMU.