Nucor Increases Rebar Prices by $60 per Ton Amid Stable Demand

Nucor’s Price Hike on Rebar

Nucor Bar Group has raised its rebar prices by $60 per ton ($3/cwt) for new orders placed after June 5, 2025. The decision to increase prices comes as part of an industry-wide trend. Other steel giants like Steel Dynamics, Commercial Metals Company (CMC), and Gerdau Long Steel North America also announced similar price hikes.

This increase follows the stable demand in the construction sector. It allows companies to adjust prices while managing rising production costs. As part of the price revision, Nucor confirmed that all orders made before June 5 would be honored at the old prices. This condition applies if shipments occur before June 19.

Nucor’s Strategy and Market Response

The price hikes reflect the continuing strength in the U.S. construction sector. Although Nucor’s adjustment was in line with Steel Dynamics, CMC, and Gerdau, it did not follow the latter’s additional price increase for 20-foot bars. This nuanced difference highlights Nucor’s selective approach to managing production costs and market trends.

Analysts attribute the increase to the desire of producers to maintain profitability in light of rising input costs. The construction sector’s demand has remained stable despite challenges like fluctuating scrap prices and tariff uncertainties. As a result, it’s expected that other steel producers will follow suit in raising their prices in the coming weeks.

The Impact of Stable Demand on Rebar Prices

Rebar prices had dropped by 1.9% in May, following two months of stability. Despite this dip, prices remain 7.7% higher than at the start of 2025. This indicates a broader trend of fluctuating but generally upward price movement. As demand stabilizes in the construction industry, market players are expected to reevaluate their pricing strategies.

The recent price hikes by Nucor and other steelmakers reflect the industry’s ongoing struggle to balance rising costs with customer expectations. They are also positioning themselves to withstand potential market disruptions in the future.

SuperMetalPrice Commentary:

The price increase in rebar by Nucor signals that steel manufacturers are adjusting to economic realities. They are managing rising costs in a competitive market. While demand remains stable, challenges like tariff uncertainty and fluctuations in raw material prices continue to shape the steel industry’s pricing strategies. These price adjustments indicate that producers are keen to maintain profitability while navigating an evolving economic landscape.