Nucor raises June prices for bars and structurals

Nucor-Yamato Steel has announced that it will raise transaction prices for shipments of its structural steel products (wide flange beams and merchant bars) by $22 /nt ($24 /mt or $1.10 cwt.), effective June 1, 2006. The increase includes a $12 /nt ($13 /mt or $0.60 cwt.) increase in the Raw Material Surcharge (RMS) and a $10 /nt ($11 /mt or $0.50 cwt.) increase in base price. Nucor's RMS is now $5.40 cwt. ($119 /mt or $108 /nt) compared to last month's RMS of $4.80 cwt. ($96 /nt or $106 /mt). Nucor bases its RMS on the published price index for shredded auto scrap.