Several leading U.S. steelmakers have announced a $60 per short ton price hike on rebar and wire rod, stepping in response to recent market volatility driven by tariffs and shifting demand .
Nucor Bar Group initiated the increase, effective July 18, with confirmed orders at old prices valid only if shipped by August 1 .
Shortly thereafter, on July 21, Gerdau Long Steel North America adopted the same pricing adjustment for new orders, while protecting existing orders shipped by August 3 .
Deacero/Mid‑Continent also implemented the $60 increase for orders placed after July 21, with prior orders honored if shipped by August 4 .
In addition, Nucor raised wire‑rod pricing by $20 per short ton, with an extra $20 surcharge for diameters under ¼ inch, effective July 22. The company plans monthly pricing reviews to track market conditions .
Data from GMK Center indicates that U.S. rebar benchmarks rose about 8.5% in June, reaching approximately $915 per ton, partly due to simultaneous pricing actions across major mills .
These coordinated price adjustments reflect producers’ efforts to offset higher input costs and manage uncertainty linked to tariff-driven disruptions, including Section 232 trade measures. By aligning pricing across several key players—Nucor, Gerdau, Deacero, and others—steelmakers aim to stabilize market pricing, although they have included protections for pre-July 18–21 orders shipped by early August.
