CHICAGO Steel Dynamics
Inc. (SDI) is lowering its scrap surcharge on all special bar
quality (SBQ) products by $13.33 per ton (66.7 cents per
hundredweight) effective March 1.
SDI bases its surcharge on AMMs three-city
average for No. 1 bundles, which was $373 per ton ($18.70 per
cwt) Feb. 11. The March surcharge will be $258 per ton ($12.90
per cwt) vs. $271.33 ($13.57 per cwt) in February, the Fort
Wayne, Ind.-based company said in a letter to customers.