CHICAGO Nucor Corp. has
lowered its raw materials surcharge on special bar quality
(SBQ), wire rod and semifinished products to $210 per ton
($10.50 per hundredweight) effective March 1.
The new surcharge is down $10
per ton from February's level, the Charlotte, N.C.-based
steelmaker said in a letter to customers Feb. 14.
Nucor bases its surcharge on
AMMs consumer buying price for No. 1 busheling
in Chicago, which was $380 per ton. Alloy surcharges remain
unchanged from last month.
Fort Wayne, Ind.-based Steel Dynamics Inc. recently said it
would lower its March scrap surcharge on SBQ products by $13.33
per ton, or 66.7 cents per cwt (
amm.com, Feb. 15)