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Nucor lifts SBQ scrap surcharge

Keywords: Tags  Nucor Corp., special bar quality, scrap surcharge, Samuel Frizell, No. 1 busheling

NEW YORK — Charlotte, N.C.-based steelmaker Nucor Corp. will raise its raw material surcharge on special bar quality (SBQ) products by $43 per ton ($2.15 per hundredweight) to $253 per ton ($12.65 per cwt), effective with shipments April 1, it announced in a letter to customers.

The increased surcharge is based on AMM’s consumer buying price for No. 1 busheling scrap in Chicago, which settled $43 per ton higher in March vs. February (, March 7).

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