Nucor SBQ hike may offset raw material extra
Feb 10, 2014 | 04:42 PM
| Corinna Petry
CHICAGO Despite a base price increase by Nucor Corp., bar pricing likely will stay level next month, according to carbon and alloy engineered bar buyers, who said they likely wont adjust their order volumes.
The Charlotte, N.C.-based steelmaker said in a Feb. 10 letter to customers that it would raise its transactional base pricing on all carbon and alloy special bar quality (SBQ) rolled bar products by $1.50 per hundredweight ($30 per ton) effective with shipments March 10. Nucor could not be reached for comment.....
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