Steel Products

Nucor Raises Spot HR, CR and GI Prices by $40

Written by John Packard

Late this afternoon, the Nucor Sheet Group sent a written note to customers advising them of a $40 per ton ($2.00/cwt) price increase on spot orders of hot rolled, cold rolled and galvanized steel. This follows the announcement by ArcelorMittal USA yesterday, taking spot base prices to $625 per ton on hot rolled and $825 per ton on cold rolled and galvanized steels. Steel Market Update will have more on these price increase announcements and the reaction from steel buyers in Thursday’s issue of our Steel Market Update newsletter.

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