[SMM Iron & Steel] Major US Steelmakers Implement $20/Ton Price Hike for Rebar

Published: May 7, 2026 15:47

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Leading US steel producers, including Nucor, Gerdau, and Optimus Steel, have announced a general price increase for rebar by $20 per short ton ($1.00 per cwt), effective immediately in May 2026. This move follows a period of price consolidation and is largely driven by rising raw material costs, particularly ferrous scrap, and sustained demand from domestic infrastructure projects. The hike brings the market price floor higher, signaling a shift toward a more hawkish pricing environment in the North American long products sector. If successfully absorbed by the market, this increase may prompt other regional mini-mills to follow suit, potentially raising construction costs across the US in the second quarter of 2026.

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