(Bloomberg) — Nucor Corp., the largest U.S. steelmaker, raised prices for a fifth time since late October, adding to signs of a rebound in the industry.Prices for new orders of hot-rolled, cold-rolled and galvanized sheet will increase by $40 a short ton effective immediately, the company said in a letter to clients Wednesday. The Charlotte, North Carolina-based steelmaker didn’t immediately respond to an email seeking comment. The metal is used in construction. U.S. Midwest domestic hot-rolled coil steel index futures have rebounded 19% from a three-year low in November amid a strengthening U.S. housing market. Declining mortgage rates are making …read more
Source:: Yahoo Finance
