Steel Prices
Nucor posts $830/ton spot HR price for week of April 8
Written by Michael Cowden
April 8, 2024
Nucor said its spot hot-rolled (HR) coil price this week will be $830 per short ton (st).
The Charlotte, N.C.-based steelmaker said the new price would be effective immediately in a letter to customers on Monday morning, April 8.
The exception to that general rule is California Steel Industries (CSI), Nucor’s subsidiary in Fontana, Calif. CSI’s spot HR price will be $890/st.
Note that the West Coast market typically trades at a higher price than markets east of the Rocky Mountains.
Recall that Nucor made waves last week when it announced that it would publish a spot HR price every Monday.
The move is a break from traditional mill pricing practices for sheet products. Most sheet mills do not regularly publish prices.
But it aligns with Nucor’s approach to plate and merchant products. The steelmaker publishes prices for both.
Michael Cowden
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