Nucor-Yamato, Nucor Corp.'s wide flange beam (WFB) mill, announced to customers late Thursday that effective January 1, 2010, its Raw Materials Surcharge (RMS) applicable to structural products will be $138/nt ($6.90 cwt. or $152/mt), representing an increase of $65/nt ($3.25 cwt. or $72/mt) compared to its current RMS.
In addition, the mill will decrease base prices for WFB, effective January 1, 2010, by $25/nt ($1.25 cwt. or $28/mt), resulting in a net transaction price increase of $40/nt ($2.00 cwt. or $44/mt) to WFB products.
As previously reported by SteelOrbis, Nucor's other US longs mills will raise transaction prices for rebar, merchant bar and structural products by the full $65/nt increase in the RMS, with the exception of its Seattle, Washington mill, which will raise net rebar prices for US customers by the full $65/nt, but will increase merchant bar and structural product transaction prices for US customers by $25/nt ($28/mt or $1.25 cwt.).