Nucor-Yamato announces March WFB prices

Nucor-Yamato Steel Company announced Monday to customers, effective for shipments during the month of March, that net transaction prices for wide flange beams (WFB) will increase by $25 /nt ($1.25 cwt. or $27.56 /mt). With shredded scrap prices recently increasing, Nucor-Yamato Steel has made the decision to increase its raw material surcharge (RMS) by $40 /nt ($2.00 cwt. or $44 /mt) to $133 /nt ($6.65 cwt. or $147 /mt) effective for March shipments. Nucor will decrease base prices by $15 /nt ($0.75 cwt. or $17 /mt) resulting in a $25 /nt ($1.25 cwt. or $27.56 /mt) increase in the net transaction price. The published prices for US wide flange beams effective for March are as follows: ASTM A992 W10 x 10 88-112 $35.75 cwt. ($715 /nt or $788 /mt) W18 x 6 35-46 $36.00 cwt. ($720 /nt or $794 /mt) W24 x 7 55-62 $36.00 cwt. ($720 /nt or $794 /mt) The above prices are ex-mill, effective to customers and include the RMS. January RMS: $3.40 cwt. ($68 /nt or $74 /mt) February RMS: $4.65 cwt. ($93 /nt or $103 /mt) March RMS: $6.65 cwt. ($133 /nt or $147 /mt) As was reported last week, Chaparral Steel raised prices by $40 /nt ($2.00 cwt. or $44 /mt) for certain wide flange beam sizes. However, with Nucor, the leader in domestic wide flange beams, announcing a different price increase, Chaparral is expected to amend their price increase announcement.