CHICAGO Nucor Corp. will
lower its raw materials surcharge on special bar quality (SBQ)
products by $1.10 per hundredweight ($22 per ton) to $10.50 per
cwt ($210 per ton) effective with June 1 shipments, the company
said in a May 10 letter to customers.
The new surcharge comes on the heels of a $22-per-ton drop
in AMMs consumer buying price for No. 1
busheling scrap in Chicago.