Nucor and SDI increase surcharge on flat products
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According to recent news in the market, US based two mini mills Nucor Corp and Steel Dynamics Inc (SDI) increased surcharge on flat products by 25% to be in effect for shipments in April. Surcharge is stated to be increased as a result of rising scrap metal prices. Both companies adjust surcharges each month depending on the prices of scrap metal. The surcharge on flat products shipped in March was determined as $100 per ton. With the new decision, flat products to be shipped in April will be subject to a surcharge of $125 per ton.
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