Steel Mills
March 13, 2023
Gerdau Long Steel NA Raises Merchant, Structural Prices by $50/ton
Written by Michael Cowden
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.
But 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
