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SDI boosts SBQ extra for April

Keywords: Tags  Steel Dynamics, SDI, special bar quality, SBQ, scrap surcharge, Nucor

CHICAGO — Steel Dynamics Inc. (SDI) will raise its scrap surcharge on all special bar quality (SBQ) products by $37.66 per ton ($1.88 per hundredweight) effective April 1.

Fort Wayne, Ind.-based SDI bases its surcharge on AMM’s three-city average for No. 1 bundles, which was $410.66 per ton as of March 11, SDI said in a March 12 letter to customers. The April surcharge will equal $295.66 per ton, up from $258 per ton in March (, Feb. 15).

Earlier this week, Nucor Corp. said it would lift its scrap surcharge on SBQ products April 1 by $2.15 per hundredweight ($43 per ton) to $253 per ton (, March 12).

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