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(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 homes more affordable, boosting demand for steel, Commercial Metals Co. Chief Executive Office Barbara Smith said in an interview Monday.To contact the reporter on this story: Yvonne Yue Li in New York at [email protected] contact the editors responsible for this story: Luzi Ann Javier at [email protected], Joe RichterFor more articles like...
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A private investigator from the firm tasked with tailing former Credit Suisse banker Iqbal Khan has countered Khan's legal action with criminal complaints against the banker, his wife and the police, Swiss prosecutors said on Wednesday. Khan, who left Credit Suisse in July to became rival UBS's co-head of wealth management, filed a criminal complaint in Switzerland following a confrontation with private detectives tailing him and his wife on Sept. 17. The scandal led to an investigation by Switzerland's bank watchdog into Credit Suisse's conduct and criminal proceedings in Zurich which remain ongoing....
