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
Februarys surcharge, effective March 1.
Darlington, S.C.-based bar mill groups surcharge is based
on AMMs Chicago buying price for No. 1
busheling, which had an appraised value of $408 per gross ton
in February vs. $440 last month (
amm.com, Feb. 7).
The move follows the
Charlotte, N.C.-based steelmakers 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 (
amm.com, Feb. 10).
Nucors 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.