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Nucor lowering SBQ surcharge May 1

Keywords: Tags  special bar quality, SBQ, wire rod, semifinished steel, steel, scrap surcharge, Nucor

CHICAGO — Charlotte, N.C.-based steelmaker Nucor Corp. will lower its scrap surcharge on special bar quality (SBQ), wire rod and semifinished products by $21 per ton ($1.05 per hundredweight) to $232 per ton ($11.60 per cwt) effective with May 1 shipments, it said in an April 10 letter to customers.

The surcharge is based on AMM’s consumer buying price for No. 1 busheling scrap in Chicago, which settled at $402 per ton this month vs. $423 per ton in March. Alloy surcharges remain unchanged.

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