September 07, 2008

Nucor sets USD 120 sheet hike for June

Because of the increase of scrap prices, Nucor will raise the surcharge on sheet and SBQ bar prices by USD 120 per short ton from June 1st 2008 deliveries.

Nucor said that in the contract of May 2008 shipments, it had increased USD 170 per short ton. The benchmark scrap price determines the surcharge each month. Nucor's surcharge on sheet and SBQ bars upped by USD 380 per short ton since December 2007

(Sourced from YEIH.com)