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Nucor lifts SBQ scrap surcharge

Keywords: Tags  Nucor, scrap surcharge, special-bar quality, wire rod, No. 1 busheling

CHICAGO — Nucor Corp. has raised its raw materials surcharge for special bar quality (SBQ), wire rod and semi-finished products by $53 per ton ($2.65 per hundredweight) to $220 per ton ($11 per cwt), effective with shipments Dec. 1.

The increase, announced in a letter to customers Nov. 9, follows a $53-per-ton rise in AMM’s Chicago consumer buying price for No. 1 busheling scrap (, Nov. 7).

The Charlotte, N.C.-based steelmaker did not say whether it was also changing its base prices.

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