Nucor increases WFB prices

Nucor-Yamato Steel Company announced Friday to customers, effective with shipments during the month of April, net transaction prices for wide flange beams (WFB) will increase by $50 /nt ($2.50 cwt. or $55 /mt). With shredded scrap prices recently increasing, Nucor-Yamato Steel has made the decision to increase its raw material surcharge (RMS) by $70 /nt ($3.50 cwt. or $77 /mt) to $203 /nt ($10.15 cwt. or $224 /mt) effective for April shipments. Nucor has decreased base prices by $20 /nt ($1.00 cwt. or $22 /mt) resulting in a $50 /nt ($2.50 cwt. or $55 /mt) increase in the net transaction price for all sizes.