Effective with shipments May 1, 2008, Nucor's raw materials surcharge (RMS) will be $393 /nt ($19.65 cwt. or $433 /mt), an increase of $147 /nt ($7.35 cwt. or $162 /mt) from April's RMS. Base prices will remain unchanged, which will make the net effect of this move an increase of $147 /nt for transaction prices.
Due to the rapid rise in raw material costs, Nucor has applied the new surcharge of $393 /nt on all new orders as of April 8, 2008. If shipped no later than April 30, 2008, all confirmed orders on the books that were placed by the close of business on April 7th will be price protected.
Published merchant bar prices for new orders as of April 8, 2008 are as follows:
ASTM A36/A6 |
|
Angles |
|
2 x 2 x 1/4": |
$46.70 cwt ($1,030 /mt or $934 /nt) |
Flat bars |
|
3/16 x 2": |
$54.40 cwt ($1,199 /mt or $1,088 /nt) |
1/2 x 4": |
$46.90 cwt ($1,034 /mt or $938 /nt) |
Square bar |
|
1": |
$48.65 cwt ($1,073 /mt or $973 /nt) |
Round bar |
|
1": |
$48.10 cwt ($1,060 /mt or $962 /nt) |
Channels |
|
3 x 3.5: |
$48.65 cwt ($1,073 /mt or $973 /nt) |
Prices above include RMS and are effective to customers.
March RMS: |
$11.25 cwt. ($248 /mt or $225 /nt) |
April RMS: |
$12.30 cwt. ($271 /mt or $246 /nt) |
May RMS: |
$19.65 cwt. ($433 /mt or $393 /nt) |