Nucor-Yamato Steel Company has announced to customers that it will raise wide flange beam (WFB) prices for January shipments by $25 /nt ($1.25 cwt. or $27.56 /mt) in a move similar to that of Nucor Bar Mill Group for rebar and merchant bar products.
Effective with shipments during the month of January, Nucor's raw materials surcharge (RMS) will be $153 /nt ($7.65 cwt. or $169 /mt), representing an increase of $35 /nt ($1.75 cwt. or $39 /mt) from the company's December RMS.
Additionally, the company is decreasing its base prices for wide flange beams by $10 /nt ($0.50 cwt. or $11 /mt). The net result will be a $25 /nt ($1.25 cwt. or $27.56 /mt) increase in transaction prices for January shipments.
Nucor's fuel surcharges effective January 1, 2008 are as follows: truck - 28 percent, up one percent from December; rail - 21.5 percent, up three percent from December.