Nucor Sheet Mill Group sent a letter to customers Tuesday indicating that due to escalating raw material costs and increased order activity, it will be increasing base prices on new orders immediately, by a minimum of:
Hot rolled: $2.00 cwt. ($44/mt or $40/nt)
Cold rolled: $2.50 cwt. ($55/mt or $50/nt)
Galvanized: $2.50 cwt. ($55/mt or $50/nt)
Nucor also said that it reserves the right to review and re-quote any offers that are not confirmed with either a Nucor sales acknowledgement or written acceptance by both parties.