Nucor increases WFB prices

Nucor-Yamato Steel Company announced Friday to customers that net transaction prices for wide flange beams (WFB) will increase by $25 /nt ($1.25 cwt. or $27.56 /mt), effective for shipments during the month of February. With shredded scrap prices recently increasing, Nucor-Yamato Steel has made the decision to increase its raw material surcharge (RMS) by $25 /nt ($1.25 cwt. or $27.56 /mt) to $93 /nt ($4.65 cwt. or $102.52 /mt) effective for February shipments. This adjustment represents an increase in the net transaction price of $25 /nt or $1.25 cwt.