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| Nucor |
Rebar price hike reflects stable construction demand and rising production costs
Nucor Bar Group has announced a $60/t ($3/cwt) price increase for all types of rebar, effective for new orders received after June 5, 2025. This move aligns with similar hikes by Steel Dynamics, Commercial Metals Company (CMC), and Gerdau Long Steel North America, who also raised rebar prices by $60/t earlier this week.
In a letter to customers, Nucor confirmed that all orders placed before the close of business on June 5 will be honored at the previous price level if shipped by June 19. However, the company warned that any unconfirmed offers remain subject to review.
Notably, unlike its competitors, Nucor has not yet followed the additional $40/t increase applied to 20-foot bars by other mills.
Industry analysts attribute the synchronized pricing moves to stable construction sector demand, efforts to preserve margins, and rising input costs, including scrap. Market participants expect further pricing adjustments as other mills respond.
Rebar prices in the U.S. had fallen 1.9% in May to $765/t, ending two months of pricing stability. Despite this dip, prices remain 7.7% higher year-to-date. The recent decline was driven by slower demand, scrap volatility, excess inventory, and tariff uncertainty — all factors that may still weigh on market sentiment.
ScrapInsight Editorial Commentary
The coordinated rebar price hikes by major U.S. producers indicate a firm effort to stabilize a market that recently showed signs of softness. With scrap volatility and tariff uncertainty still in play, the near-term trajectory will depend on whether downstream buyers can absorb the increases without slowing activity. Watch for ripple effects across other long product segments.
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