Nucor lowers sheet prices by $30/nt

Nucor Sheet Mill Group has announced to customers that it will lower pricing for its sheet products by $30 /nt ($33 /mt or $1.50 cwt.) in December. Nucor's December 2006 raw materials surcharge (RMS) for sheet products will be $30 /nt less than its RMS of $80 /nt ($88 /mt or $4.00 cwt.) for November 2006. With no change in base prices, the net change in December transaction prices compared to those for November will be a decrease of $30 /nt. The December RMS of $50 /nt ($55 /mt or $2.50 cwt.) will be effective for all sheet orders scheduled for shipping starting the week ending December 2, 2006 and valid until the week ending December 30, 2006.