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Nucor lowers SBQ, wire rod surcharge

Keywords: Tags  Nucor, special bar quality, SBQ, wire rod, lower surcharge

NEW YORK — Nucor Corp. is lowering its scrap and alloys surcharge for special bar quality (SBQ) products and wire rod to $238 per ton ($11.90 per hundredweight), down $32 per ton ($1.60 per cwt) from February’s surcharge, effective March 1.

Nucor’s Darlington, S.C.-based bar mill group’s surcharge is based on AMM’s Chicago buying price for No. 1 busheling, which had an appraised value of $408 per gross ton in February vs. $440 last month (, Feb. 7).

The move follows the Charlotte, N.C.-based steelmaker’s announcement last week that it would raise transactional base pricing on all carbon and alloy SBQ rolled bar products by $30 per ton ($1.50 per cwt) effective with shipments March 10 (, Feb. 10).

Nucor’s alloy surcharge for such inputs as molybdenum, nickel, chrome, vanadium and manganese is tied to the monthly AMM free-market price for ferroalloys established two months prior, and adjustments will be made monthly, it said in a Feb. 17 letter to customers.

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