December 12, 2017

January 2018 Scrap Surcharge Announcement

To You, Our Valued Customer: Effective with shipments January 1, 2007 the scrap surcharge will be calculated monthly using a base of $115.00/ton. It will be based on the average price for # 1 bundles as published in the AMM on the 10th of each month for Chicago, Cleveland, and Pittsburgh. As of December 11, 2017 the three-city average for No.1 Bundles was $357.00 ton. Using our revised method the January 2018 scrap surcharge for SBQ product is $242.00/ton ($12.10/cwt). This represents an increase from December 2017. We appreciate your business and continued support. Sincerely,

Jeff Cordill Sales & Marketing Manager

December 12, 2017

January 2018 Alloy Surcharge Announcement Effective January 1, 2018 alloy surcharges on Ferromolybdenum, Nickel, LC & HC ferrochrome, HC ferromanganese and Ferrovanadium are outlined as follows. Alloy surcharges will be calculated monthly and charged as a separate line item to each invoice based on the steel grade.

• The base cost or trigger point for Ferromolybdenum is $4.00/lb, Nickel is $3.50/lb, Ferrovanadium is $6.00/lb, HC Ferrochrome is $0.50/LB, LC ferrochrome is $0.75/lb, and HC ferromanganese $0.40/lb.

• The yield factor is 85% on Ferromolybdenum, Nickel, Ferrovanadium, and HC ferromanganese, 70% on Ferrochrome.

• The source of the current market price for Ferromolybdenum, Ferrovanadium, Ferrochrome, and HC Ferromanganese is the mid-point in the range of Ryan's Notes, as published on the 10th of the preceding month.

• The source of the market price of nickel is the London Metal Exchange average cash buyer average for the first ten days of the preceding month.

• The alloy surcharges are calculated by using these published prices, less the base cost, divided by the yield factor, then multiplied by the mid-point of the alloy bearing grade range. This cwt surcharge is then converted to a price per ton.

• The HC Ferromanganese surcharge is based on the minimum weight addition for all grades.

*LC

ferrochrome HC

ferrochrome Ferro

molybdenum

Nickel Ferro

vanadium HC

ferromanganese December 8th Index Value 2.13 $1.44 $9.98 $4.99 $20.00 $0.89

Base Value $0.75 $0.50 $4.00 $3.50 $6.00 $0.40 Yield Factor 70% 70% 85% 85% 85% 85% January 2018 Surcharge/lb. $1.96 $1.34 $7.03 $1.75 $16.47 $0.26cwt

The calculations shown refer only to standard AISI grades and should be used as a guideline only. Actual surcharges will be based on individual specifications and their respective alloy content.

To address the volatility and unprecedented costs associated with Ferrochrome, Ferromolybdenum, Nickel, Ferrovanadium and HC ferromanganese,

effective July 1, 2007 we will review alloy surcharges on the 10th of each month for prompt orders. Prompt orders are defined as orders received and acknowledged after the 10th of the month to be produced and shipped in the current month. A

deviation greater than 5% from our published index values, for the month, will result in applying the new surcharge value for the balance of the month.

*LC ferrochrome is specified for certain Melt Grades and will be priced accordingly.

Alloy Surcharge Rates as of 01/01/2018

Grade AlloyValue

Nominal SurchargeCWT CWT

Total

$0.48 Nickel .2751022M Ni $0.48

$2.06 Ferrovanadium .1251033V $2.06

$1.65 Ferrovanadium .10010V40 QL2 $1.65

$1.56 Ferrovanadium .09510V43 B156 $1.56

$1.65 Ferrovanadium .10010V45 $1.65

$1.65 Ferrovanadium .10010V45 QL2 $1.65

$2.47 Ferrovanadium .15010V45 RES10172 $2.47

$0.49 Ferrovanadium .03010V50 $0.49

$1.65 Ferrovanadium .10011V41 $1.65

$1.65 Ferrovanadium .10011V41 QL2 $1.65

Ferrovanadium .07013% Chrome $1.15 $27.12 Ferrochromium LC 13.250 $25.97

$25.97 Ferrochromium LC 13.25013%Cr/420 Mod $25.97

$1.24 Ferrovanadium .0751518-7 $1.24

$0.99 Ferrovanadium .0601522 MOD $0.99

$0.54 Ferrochromium HC .4001537HC $0.54

$0.38 Ferrochromium HC .2801590 UHC $0.38

$1.05 Ferromolybdenum .15015B28 Mod $1.05

$1.05 Ferromolybdenum .15015B29 Mod $1.05

$0.49 Ferrovanadium .03015V10M $0.49

$1.40 Ferrovanadium .08515V16 $1.40

$1.40 Ferrovanadium .08515V16 LF6 $1.40

$1.65 Ferrovanadium .10015V20M $1.65

$0.91 Ferrovanadium .05515V22 PT $0.91

$1.24 Ferrovanadium .07515V24 $1.24

$2.22 Ferrovanadium .13515V24M $2.22

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Alloy Surcharge Rates as of 01/01/2018

Grade AlloyValue

Nominal SurchargeCWT CWT

Total

$1.24 Ferrovanadium .07515V27M $1.24

$2.22 Ferrovanadium .13515V30 $2.22

$2.22 Ferrovanadium .13515V30 Mod $2.22

$1.40 Ferrovanadium .08515V37M 1E1586 $1.40

$1.48 Ferrovanadium .09015V38M $1.48

$2.06 Ferrovanadium .12515V45M $2.06

$2.14 Ferrovanadium .13015V45M 1E1106 $2.14

$1.41 Ferrochromium HC 1.05016MnCr5 $1.41

$1.41 Ferrochromium HC 1.05016MnCrS5 $1.41

$1.98 Ferrovanadium .12017MnV7 $1.98

Ferromolybdenum .3501E1371 $2.46 Ferrovanadium .095 $1.56

$6.43 Ferrochromium HC 1.800 $2.41

Ferrovanadium .1001E1497 $1.65 $1.85 Ferrochromium HC .150 $0.20

$1.61 Ferrochromium HC 1.20020MNCR5 $1.61

$1.54 Ferrochromium HC 1.15020MnCrS5 $1.54

Ferromolybdenum .44025MoCr4 $3.09 $4.30 Ferrochromium HC .900 $1.21

Ferromolybdenum .42525MoCr4 Ver 50 $2.99 $4.16 Ferrochromium HC .870 $1.17

Ferromolybdenum .42525MoCrS4 Hay1 $2.99 $4.26 Ferrochromium HC .950 $1.27

Ferromolybdenum .42525MoCrS4 Hay2 $2.99 $4.26 Ferrochromium HC .950 $1.27

$1.89 Ferrovanadium .11530MnVS6 $1.89

$1.81 Ferrovanadium .11030MnVS6-VD $1.81

Ferrovanadium .20035MnVS4 $3.29 $3.49 Ferrochromium HC .150 $0.20

$1.81 Ferrovanadium .11038MnSiVS5 $1.81

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Alloy Surcharge Rates as of 01/01/2018

Grade AlloyValue

Nominal SurchargeCWT CWT

Total

$1.81 Ferrovanadium .11038MnVS6 $1.81

$1.76 Ferromolybdenum .2504023 $1.76

$1.83 Ferromolybdenum .2604027 $1.83

Ferromolybdenum .35540BV40 Mod $2.50 $4.15 Ferrovanadium .100 $1.65

Ferromolybdenum .35540BV40M 1E4146 $2.50 $4.15 Ferrovanadium .100 $1.65

Ferromolybdenum .1154118 $0.81 $1.48 Ferrochromium HC .500 $0.67

Ferromolybdenum .1154118-8/BQ $0.81 $1.48 Ferrochromium HC .500 $0.67

Ferromolybdenum .1154118/4118-2 $0.81 $1.48 Ferrochromium HC .500 $0.67

Ferromolybdenum .1704120 $1.20 $1.90 Ferrochromium HC .520 $0.70

Ferromolybdenum .1704120 QL2 $1.20 $1.90 Ferrochromium HC .520 $0.70

Ferromolybdenum .1704120 QL3 $1.20 $1.90 Ferrochromium HC .520 $0.70

Ferromolybdenum .1704120H B81 $1.20 $1.90 Ferrochromium HC .520 $0.70

Ferromolybdenum .1704120H QL2 $1.20 $1.90 Ferrochromium HC .520 $0.70

Ferromolybdenum .1754120M $1.23 $1.90 Ferrochromium HC .500 $0.67

Ferromolybdenum .1654120M 1E1120 $1.16 $1.93 Ferrochromium HC .575 $0.77

Ferromolybdenum .1704120RH QL4 $1.20 $1.90 Ferrochromium HC .520 $0.70

Ferromolybdenum .1704122M $1.20 $1.87 Ferrochromium HC .500 $0.67

Ferromolybdenum .2254122M 1E0778 $1.58 $2.69 Ferrochromium HC .825 $1.11

Ferromolybdenum .3254122M 1E1054 $2.28 $3.52 Ferrochromium HC .925 $1.24

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Alloy Surcharge Rates as of 01/01/2018

Grade AlloyValue

Nominal SurchargeCWT CWT

Total

Ferromolybdenum .4004124 M $2.81 Nickel .205 $0.36

$4.54 Ferrochromium HC 1.025 $1.37

Ferromolybdenum .1704124M $1.20 $2.07 Ferrochromium HC .650 $0.87

Ferromolybdenum .1704124M B222 $1.20 $2.07 Ferrochromium HC .650 $0.87

Ferromolybdenum .3004124M B222-8 $2.11 $3.05 Ferrochromium HC .700 $0.94

Ferromolybdenum .3504128 $2.46 Ferrovanadium .095 $1.56

$6.43 Ferrochromium HC 1.800 $2.41

Ferromolybdenum .3904128M $2.74 Ferrovanadium .100 $1.65

$6.80 Ferrochromium HC 1.800 $2.41

Ferromolybdenum .3004129M $2.11 $3.72 Ferrochromium HC 1.200 $1.61

Ferromolybdenum .2004130 $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004130 1E1058 $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004130 1E2737 $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004130 AQ $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004130 CGL-2 $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004130 ES220 $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004130 MBQ $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .6504130 Mod $4.57 $5.91 Ferrochromium HC 1.000 $1.34

Ferromolybdenum .2204130 TW051592 $1.55 $2.89 Ferrochromium HC 1.000 $1.34

Ferromolybdenum .2004130-4 MS $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004130-5/4130 $1.41

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Alloy Surcharge Rates as of 01/01/2018

Grade AlloyValue

Nominal SurchargeCWT CWT

Total

$2.80 Ferrochromium HC 1.0404130-5/4130 $1.39

Ferromolybdenum .2004130-6/4130 $1.41 $2.80 Ferrochromium HC 1.040 $1.39

Ferromolybdenum .2254130-9/4130M $1.58 Nickel .200 $0.35

$3.27 Ferrochromium HC 1.000 $1.34

Ferromolybdenum .2004130/4130H $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004130A $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004130B AQ $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004130B Mod $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004130H $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004130M $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004130M 1E2737 $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2204130M TW032808 $1.55 Ferrovanadium .060 $0.99

$3.95 Ferrochromium HC 1.050 $1.41

Ferromolybdenum .2754130M TW061206 $1.93 Ferrovanadium .040 $0.66

$4.06 Ferrochromium HC 1.100 $1.47

Ferromolybdenum .7004130M7 $4.92 $6.73 Ferrochromium HC 1.350 $1.81

Ferromolybdenum .2004130RH $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2254130U $1.58 $2.85 Ferrochromium HC .950 $1.27

Ferromolybdenum .6504132 MS362 $4.57 $6.25 Ferrochromium HC 1.250 $1.68

Ferromolybdenum .4254132M $2.99 Nickel 1.275 $2.23

$6.59 Ferrochromium HC 1.025 $1.37

Ferromolybdenum .3154135 $2.21

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Alloy Surcharge Rates as of 01/01/2018

Grade AlloyValue

Nominal SurchargeCWT CWT

Total

$3.68 Ferrochromium HC 1.1004135 $1.47

Ferromolybdenum .2004135 B73 $1.41 $2.75 Ferrochromium HC 1.000 $1.34

Ferromolybdenum .3154135H Mod $2.21 $3.68 Ferrochromium HC 1.100 $1.47

Ferromolybdenum .2004135H QL2 $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004137 $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2754137 M $1.93 $3.40 Ferrochromium HC 1.100 $1.47

Ferromolybdenum .3004137 MS303 $2.11 $3.58 Ferrochromium HC 1.100 $1.47

Ferromolybdenum .3004137 MS309 $2.11 $3.58 Ferrochromium HC 1.100 $1.47

Ferromolybdenum .3004137 MS371 $2.11 $3.58 Ferrochromium HC 1.100 $1.47

Ferromolybdenum .3254137 Mod $2.28 $3.79 Ferrochromium HC 1.125 $1.51

Ferromolybdenum .2004137H $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .3004137M $2.11 $3.58 Ferrochromium HC 1.100 $1.47

Ferromolybdenum .3004137M 341 $2.11 $3.52 Ferrochromium HC 1.050 $1.41

Ferromolybdenum .3004137M MS364 $2.11 $3.58 Ferrochromium HC 1.100 $1.47

Ferromolybdenum .2004137RS $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004140 $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004140 1E1636 $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004140 1E509 $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004140 A1 $1.41

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Alloy Surcharge Rates as of 01/01/2018

Grade AlloyValue

Nominal SurchargeCWT CWT

Total

$2.68 Ferrochromium HC .9504140 A1 $1.27

Ferromolybdenum .2004140 AQ $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004140 BQ $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004140 LS $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004140 M $1.41 Nickel .350 $0.61

$2.76 Ferrochromium HC .550 $0.74

Ferromolybdenum .2004140 MS450 $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004140 Off Chem $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004140 QL2 $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004140 QL3 $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004140/4140H $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004140/4142 $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004140/4142H $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004140/42 $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004140A $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004140B $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004140H $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004140H B74-1 $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004140H QL2 $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004140H QL3 $1.41

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Alloy Surcharge Rates as of 01/01/2018

Grade AlloyValue

Nominal SurchargeCWT CWT

Total

$2.68 Ferrochromium HC .9504140H QL3 $1.27

Ferromolybdenum .2004140H/42 QL2 $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2504140M $1.76 $3.23 Ferrochromium HC 1.100 $1.47

Ferromolybdenum .2004140M B74-R $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004140M S315 $1.41 Nickel .200 $0.35 Ferrovanadium .020 $0.33

$3.36 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004140RS $1.41 $2.82 Ferrochromium HC 1.050 $1.41

Ferromolybdenum .2004141-5/4140 $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004141H $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004142 $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .3004142/4145H Mod $2.11 $3.58 Ferrochromium HC 1.100 $1.47

Ferromolybdenum .2004145 $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004145 1E0598 $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004145H $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .3004145H Mod $2.11 $3.58 Ferrochromium HC 1.100 $1.47

Ferromolybdenum .2004145H QL2 $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2504145M $1.76 $3.23 Ferrochromium HC 1.100 $1.47

Ferromolybdenum .3104145M 346 $2.18 $3.65 Ferrochromium HC 1.100 $1.47

Ferromolybdenum .2004150 $1.41 $2.68 Ferrochromium HC .950 $1.27

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Alloy Surcharge Rates as of 01/01/2018

Grade AlloyValue

Nominal SurchargeCWT CWT

Total

Ferromolybdenum .2004150H $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004150H 1E9999 $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004150H AQ $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .2004150RS $1.41 $2.55 Ferrochromium HC .850 $1.14

Ferromolybdenum .3004161 1E0490 $2.11 $3.18 Ferrochromium HC .800 $1.07

Ferromolybdenum .3004161/4161H $2.11 $3.18 Ferrochromium HC .800 $1.07

Ferromolybdenum .1504163M $1.05 Ferrovanadium .050 $0.82

$2.94 Ferrochromium HC .800 $1.07

Ferromolybdenum .0804164M $0.56 Ferrovanadium .065 $1.07

$2.90 Ferrochromium HC .950 $1.27

Ferromolybdenum .15041B17 1E0951 $1.05 $1.75 Ferrochromium HC .525 $0.70

Ferromolybdenum .20041B30M $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .17041B30M 1E0997 $1.20 $1.90 Ferrochromium HC .525 $0.70

Ferromolybdenum .17041B30M 1E1671 $1.20 $1.90 Ferrochromium HC .525 $0.70

Ferromolybdenum .16041B30M QL3 $1.12 $1.86 Ferrochromium HC .550 $0.74

Ferromolybdenum .37541B31M $2.64 $4.78 Ferrochromium HC 1.600 $2.14

Ferromolybdenum .42541B32M $2.99 Nickel 1.275 $2.23

$6.59 Ferrochromium HC 1.025 $1.37

Ferromolybdenum .16541B33M 1E4415 $1.16 $1.86 Ferrochromium HC .525 $0.70

Ferromolybdenum .07541B35M 1E1013 $0.53 $1.20 Ferrochromium HC .500 $0.67

Ferromolybdenum .32541V37 Mod $2.28

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Alloy Surcharge Rates as of 01/01/2018

Grade AlloyValue

Nominal SurchargeCWT CWT

Total

Ferrovanadium .04041V37 Mod $0.66 $4.35 Ferrochromium HC 1.050 $1.41

Ferromolybdenum .20042CrMo4 $1.41 $2.88 Ferrochromium HC 1.100 $1.47

Ferromolybdenum .20042CrMo4 1E2765 $1.41 $2.88 Ferrochromium HC 1.100 $1.47

Ferromolybdenum .17542CrMo4 Ver10 $1.23 $2.70 Ferrochromium HC 1.100 $1.47

Ferromolybdenum .20042CrMoS4 $1.41 $2.82 Ferrochromium HC 1.050 $1.41

Ferromolybdenum .7254317M2 $5.10 Nickel 1.725 $3.02

$8.82 Ferrochromium HC .525 $0.70

Ferromolybdenum .2504320 $1.76 Nickel 1.825 $3.19

$5.62 Ferrochromium HC .500 $0.67

Ferromolybdenum .2504320 QL3 $1.76 Nickel 1.825 $3.19

$5.62 Ferrochromium HC .500 $0.67

Ferromolybdenum .2504320H $1.76 Nickel 1.825 $3.19

$5.62 Ferrochromium HC .500 $0.67

Ferromolybdenum .2504320H B46 $1.76 Nickel 1.825 $3.19

$5.62 Ferrochromium HC .500 $0.67

Ferromolybdenum .2504320H BQ $1.76 Nickel 1.825 $3.19

$5.62 Ferrochromium HC .500 $0.67

Ferromolybdenum .2504320H QL3 $1.76 Nickel 1.825 $3.19

$5.62 Ferrochromium HC .500 $0.67

Ferromolybdenum .2504320M $1.76 Nickel 1.025 $1.79

$4.92 Ferrochromium HC 1.025 $1.37

Ferromolybdenum .2504320RH $1.76 Nickel 1.830 $3.20

$5.63 Ferrochromium HC .500 $0.67

Ferromolybdenum .4304330V $3.02 Nickel 1.825 $3.19 Ferrovanadium .075 $1.24

$8.62 Ferrochromium HC .870 $1.17

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Alloy Surcharge Rates as of 01/01/2018

Grade AlloyValue

Nominal SurchargeCWT CWT

Total

Ferromolybdenum .2504340 $1.76 Nickel 1.825 $3.19

$6.02 Ferrochromium HC .800 $1.07

Ferromolybdenum .2504340 1E0830 $1.76 Nickel 1.825 $3.19

$6.02 Ferrochromium HC .800 $1.07

Ferromolybdenum .2504340 AQ $1.76 Nickel 1.825 $3.19

$6.02 Ferrochromium HC .800 $1.07

Ferromolybdenum .2504340 QL2 $1.76 Nickel 1.825 $3.19

$6.02 Ferrochromium HC .800 $1.07

Ferromolybdenum .2504340 QL3 $1.76 Nickel 1.825 $3.19

$6.02 Ferrochromium HC .800 $1.07

Ferromolybdenum .2504340H $1.76 Nickel 1.825 $3.19

$6.02 Ferrochromium HC .800 $1.07

Ferromolybdenum .2504352 AQ $1.76 Nickel 1.825 $3.19

$6.02 Ferrochromium HC .800 $1.07

Ferromolybdenum .25043B20 $1.76 Nickel 1.825 $3.19

$5.62 Ferrochromium HC .500 $0.67

Ferromolybdenum .53043V30 Mod $3.73 Nickel 2.500 $4.38 Ferrovanadium .090 $1.48

$10.86 Ferrochromium HC .950 $1.27

Ferromolybdenum .2504620 QL3 $1.76 $4.95 Nickel 1.825 $3.19

Ferromolybdenum .1804623 $1.27 Nickel 1.820 $3.19

$5.45 Ferrovanadium .060 $0.99

Ferromolybdenum .4004625 AMS 6418 $2.81 Nickel 1.825 $3.19

$6.40 Ferrochromium HC .300 $0.40

Ferromolybdenum .4004625 IR458 $2.81 Nickel 1.825 $3.19

$6.40 Ferrochromium HC .300 $0.40

Ferromolybdenum .5204715 $3.66 Nickel .850 $1.49

$5.89 Ferrochromium HC .550 $0.74

Ferromolybdenum .5604715M $3.94

Retrieved on : 12/12/2017 14:39:33 Page 11 of 20Steel Dynamics Rev Level 1 [110] - 239

Alloy Surcharge Rates as of 01/01/2018

Grade AlloyValue

Nominal SurchargeCWT CWT

Total

Nickel .9304715M $1.63 $6.31 Ferrochromium HC .550 $0.74

Ferromolybdenum .55047V15 $3.87 Nickel .900 $1.58 Ferrovanadium .040 $0.66

$6.91 Ferrochromium HC .600 $0.80

Ferromolybdenum .2504815H $1.76 $7.80 Nickel 3.450 $6.04

Ferromolybdenum .2504817 $1.76 $7.89 Nickel 3.500 $6.13

Ferromolybdenum .2504817RH $1.76 $7.89 Nickel 3.500 $6.13

$0.64 Ferrochromium HC .48050B35 1E1201 $0.64

$1.07 Ferrochromium HC .8005119 $1.07

$1.21 Ferrochromium HC .9005119R $1.21

$1.07 Ferrochromium HC .8005120 $1.07

$1.07 Ferrochromium HC .8005120H $1.07

$1.41 Ferrochromium HC 1.0505120M $1.41

$1.07 Ferrochromium HC .8005124 $1.07

$1.47 Ferrochromium HC 1.1005125RH $1.47

$1.27 Ferrochromium HC .9505130 $1.27

$1.27 Ferrochromium HC .9505130-4 $1.27

$1.27 Ferrochromium HC .9505130/5130H $1.27

$1.07 Ferrochromium HC .8005140 $1.07

$1.17 Ferrochromium HC .8755160 $1.17

$1.17 Ferrochromium HC .8755160H $1.17

$1.27 Ferrochromium HC .9505160H Mod $1.27

$1.07 Ferrochromium HC .80051B60H $1.07

Ferrovanadium .10551V30M $1.73 $3.20 Ferrochromium HC 1.100 $1.47

Retrieved on : 12/12/2017 14:39:33 Page 12 of 20Steel Dynamics Rev Level 1 [110] - 239

Alloy Surcharge Rates as of 01/01/2018

Grade AlloyValue

Nominal SurchargeCWT CWT

Total

$1.94 Ferrochromium HC 1.45052100 $1.94

Ferromolybdenum .17558CrMoV4 $1.23 Ferrovanadium .125 $2.06

$4.59 Ferrochromium HC .970 $1.30

Ferrovanadium .1756175 Mod $2.88 $4.39 Ferrochromium HC 1.125 $1.51

Ferromolybdenum .5006330 $3.52 Ferrovanadium .250 $4.12

$9.45 Ferrochromium HC 1.350 $1.81

Ferromolybdenum .2257474-5/4130M $1.58 Nickel .200 $0.35

$3.27 Ferrochromium HC 1.000 $1.34

Ferromolybdenum .2008616 Mod $1.41 $1.76 Nickel .200 $0.35

Ferromolybdenum .2008617 $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008617/8620H $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008617H AQ $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008617H/8620 $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008619 A534 BQ $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008619H BQ QL3 $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008620 $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008620 1E2743 $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008620 A2 $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Retrieved on : 12/12/2017 14:39:33 Page 13 of 20Steel Dynamics Rev Level 1 [110] - 239

Alloy Surcharge Rates as of 01/01/2018

Grade AlloyValue

Nominal SurchargeCWT CWT

Total

Ferromolybdenum .2008620 BQ $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008620 FG $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008620 MAT 1052 $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008620 MS450 -B $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008620 Off-Heat $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008620 QL2 $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008620 QL3 $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008620 QL4 $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008620/20H QL2 $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008620/22 $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008620/22 QL2 $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008620/8620H $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008620/8620H QL3 $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008620/8622H $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008620/8622H QL2 $1.41

Retrieved on : 12/12/2017 14:39:33 Page 14 of 20Steel Dynamics Rev Level 1 [110] - 239

Alloy Surcharge Rates as of 01/01/2018

Grade AlloyValue

Nominal SurchargeCWT CWT

Total

Nickel .5508620/8622H QL2 $0.96 $3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008620/8622H QL3 $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008620BQ 1E4180 $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008620H $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008620H A534 BQ $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008620H B81 $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008620H QL3 $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2258620H/8720H $1.58 Nickel .550 $0.96 Ferrovanadium .005 $0.08

$3.29 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008620M $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2208620M B81 $1.55 Nickel .630 $1.10

$3.39 Ferrochromium HC .550 $0.74

Ferromolybdenum .2008620RH $1.41 Nickel .550 $0.96

$3.11 Ferrochromium HC .550 $0.74

Ferromolybdenum .2008622H $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2508622M $1.76 Nickel .600 $1.05 Ferrovanadium .040 $0.66

$4.81 Ferrochromium HC 1.000 $1.34

Ferromolybdenum .2008622RH $1.41 Nickel .550 $0.96

$3.11 Ferrochromium HC .550 $0.74

Retrieved on : 12/12/2017 14:39:33 Page 15 of 20Steel Dynamics Rev Level 1 [110] - 239

Alloy Surcharge Rates as of 01/01/2018

Grade AlloyValue

Nominal SurchargeCWT CWT

Total

Ferromolybdenum .2008625 $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008625H $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008627H $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008630 $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008630 CGL-6 $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008630 QL3 $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008630H $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008637 $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008637H $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008637RC $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008640 $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2258640/8740 $1.58 Nickel .550 $0.96

$3.21 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008650 $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .2008650 AQ $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .20086B20H $1.41

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Alloy Surcharge Rates as of 01/01/2018

Grade AlloyValue

Nominal SurchargeCWT CWT

Total

Nickel .55086B20H $0.96 $3.07 Ferrochromium HC .525 $0.70

Ferromolybdenum .20086B30H $1.41 Nickel .550 $0.96

$3.04 Ferrochromium HC .500 $0.67

Ferromolybdenum .50086V53M KJ8X $3.52 Nickel .500 $0.88 Ferrovanadium .150 $2.47

$9.25 Ferrochromium HC 1.775 $2.38

Ferromolybdenum .2508720 $1.76 Nickel .550 $0.96

$3.39 Ferrochromium HC .500 $0.67

Ferromolybdenum .2508740 $1.76 Nickel .550 $0.96

$3.39 Ferrochromium HC .500 $0.67

Ferromolybdenum .3508822H $2.46 Nickel .500 $0.88

$4.01 Ferrochromium HC .500 $0.67

Ferromolybdenum .3508822H B79 $2.46 Nickel .500 $0.88

$4.01 Ferrochromium HC .500 $0.67

Ferromolybdenum .3508822H B79-1 $2.46 Nickel .500 $0.88

$4.05 Ferrochromium HC .530 $0.71

Ferromolybdenum .3508822H BQ $2.46 Nickel .550 $0.96

$4.09 Ferrochromium HC .500 $0.67

Ferromolybdenum .3508822H QL2 $2.46 Nickel .550 $0.96

$4.09 Ferrochromium HC .500 $0.67

Ferromolybdenum .3508822H QL3 $2.46 Nickel .500 $0.88

$4.01 Ferrochromium HC .500 $0.67

Ferromolybdenum .3508822RH $2.46 Nickel .500 $0.88

$4.01 Ferrochromium HC .500 $0.67

$0.94 Ferrochromium HC .7009254 $0.94

Ferromolybdenum .1159310 $0.81 Nickel 3.250 $5.69

$8.11 Ferrochromium HC 1.200 $1.61

Ferromolybdenum .1209313/9313H $0.84 Nickel 3.250 $5.69 Ferrovanadium .040 $0.66

Retrieved on : 12/12/2017 14:39:33 Page 17 of 20Steel Dynamics Rev Level 1 [110] - 239

Alloy Surcharge Rates as of 01/01/2018

Grade AlloyValue

Nominal SurchargeCWT CWT

Total

$9.13 Ferrochromium HC 1.4509313/9313H $1.94

Ferromolybdenum .1159315H $0.81 Nickel 3.325 $5.82

$9.13 Ferrochromium LC 1.275 $2.50

Ferromolybdenum .1159350 $0.81 Nickel 3.250 $5.69 Ferrovanadium .045 $0.74

$8.92 Ferrochromium HC 1.250 $1.68

$1.07 Ferrovanadium .065A707 L3 $1.07

Ferromolybdenum 1.000A739 B22 $7.03 $11.44 Ferrochromium LC 2.250 $4.41

Ferromolybdenum .580ASTM A193 B16 $4.08 Ferrovanadium .300 $4.94

$10.33 Ferrochromium HC .980 $1.31

Ferromolybdenum .200E4140 $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .225E4140M $1.58 Nickel .420 $0.74 Ferrovanadium .030 $0.49

$4.22 Ferrochromium HC 1.050 $1.41

Ferromolybdenum .200E4145H $1.41 $2.68 Ferrochromium HC .950 $1.27

Ferromolybdenum .250E4340 $1.76 Nickel 1.825 $3.19

$6.02 Ferrochromium HC .800 $1.07

Ferromolybdenum .275E4340H $1.93 Nickel 1.880 $3.29

$6.29 Ferrochromium HC .800 $1.07

Ferromolybdenum .150ETN-22 $1.05 $1.72 Ferrochromium HC .500 $0.67

Ferromolybdenum .150ETN-27 $1.05 $1.79 Ferrochromium HC .550 $0.74

Ferromolybdenum .170EX15 QL3 $1.20 $1.87 Ferrochromium HC .500 $0.67

Ferromolybdenum .165EX15/4120 $1.16 $1.83 Ferrochromium HC .500 $0.67

Ferromolybdenum .170EX16 $1.20 $1.87 Ferrochromium HC .500 $0.67

Ferromolybdenum .740EX55H $5.20 Nickel 1.830 $3.20

Retrieved on : 12/12/2017 14:39:33 Page 18 of 20Steel Dynamics Rev Level 1 [110] - 239

Alloy Surcharge Rates as of 01/01/2018

Grade AlloyValue

Nominal SurchargeCWT CWT

Total

$9.31 Ferrochromium HC .680EX55H $0.91

Ferromolybdenum .550F11 $3.87 $6.32 Ferrochromium LC 1.250 $2.45

Ferromolybdenum .550F11 A182 $3.87 $6.32 Ferrochromium LC 1.250 $2.45

Ferromolybdenum .550F12 $3.87 $5.89 Ferrochromium LC 1.030 $2.02

Ferromolybdenum 1.000F22 $7.03 $11.44 Ferrochromium LC 2.250 $4.41

Ferromolybdenum 1.000F22 A182 $7.03 $11.44 Ferrochromium LC 2.250 $4.41

Ferromolybdenum .550F5 $3.87 $13.67 Ferrochromium LC 5.000 $9.80

Ferromolybdenum 1.000F9 $7.03 $24.67 Ferrochromium LC 9.000 $17.64

Ferromolybdenum .950F91 $6.68 Ferrovanadium .215 $3.54

$27.47 Ferrochromium LC 8.800 $17.25

$1.40 Ferrovanadium .085Grade 620 $1.40

$1.65 Ferrovanadium .100LC75 $1.65

Ferromolybdenum .170PS16RH $1.20 $1.87 Ferrochromium HC .500 $0.67

Ferromolybdenum .170PS17 $1.20 $1.87 Ferrochromium HC .500 $0.67

Ferromolybdenum .170PS17 RH $1.20 $1.87 Ferrochromium HC .500 $0.67

Ferromolybdenum .170PS18 $1.20 $1.90 Ferrochromium HC .525 $0.70

Ferromolybdenum .170PS18RH $1.20 $1.90 Ferrochromium HC .525 $0.70

$1.24 Ferrovanadium .075S45-MR #13 $1.24

Ferromolybdenum .200SCM420H $1.41 $2.91 Ferrochromium HC 1.120 $1.50

$1.41 Ferrochromium HC 1.050SCR420 $1.41

Retrieved on : 12/12/2017 14:39:33 Page 19 of 20Steel Dynamics Rev Level 1 [110] - 239

Alloy Surcharge Rates as of 01/01/2018

Grade AlloyValue

Nominal SurchargeCWT CWT

Total

$2.22 Ferrovanadium .135SW85 $2.22

Ferromolybdenum .550T11 A213 $3.87 $6.32 Ferrochromium LC 1.250 $2.45

Ferromolybdenum .550T12 A213 $3.87 $5.89 Ferrochromium LC 1.030 $2.02

$3.87 Ferromolybdenum .550T1A $3.87

Ferromolybdenum .560T2 $3.94 $4.81 Ferrochromium HC .650 $0.87

Ferromolybdenum .560T2 (7075-9) $3.94 $4.81 Ferrochromium HC .650 $0.87

Ferromolybdenum .560T2 A213 $3.94 $4.81 Ferrochromium HC .650 $0.87

Ferromolybdenum 1.000T22 A213 $7.03 $11.44 Ferrochromium LC 2.250 $4.41

Ferromolybdenum .545T5 A213 $3.83 $13.63 Ferrochromium LC 5.000 $9.80

Ferromolybdenum 1.000T9 A213 $7.03 $24.67 Ferrochromium LC 9.000 $17.64

Ferromolybdenum .950T91 A213 $6.68 Ferrovanadium .215 $3.54

$27.47 Ferrochromium LC 8.800 $17.25

Retrieved on : 12/12/2017 14:39:33 Page 20 of 20Steel Dynamics Rev Level 1 [110] - 239