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Spot US scrap surcharges to fall $25 per short ton

Scrap surcharges used by Nucor and other American steelmakers to determine monthly steel transaction prices are heading down.

Due to a $25 per long ton decline in a benchmark shredded scrap price (from $260 to $235), surcharges on rebar, merchant bar, wide flange beams, light structural’s and plate will likely decline by $25 a short ton for December deliveries.

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