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
Read more from Michael CowdenLatest in Steel Prices
SMU price ranges: Sheet ticks higher, plate stable
Sheet steel indices increased across the board this week, while plate prices held steady. All five of SMU’s price indices are higher than they were two weeks ago, and all but one are above levels recorded four weeks ago.
Nucor lifts HR spot price by $10/ton
Nucor has raised its weekly spot list price on hot-rolled coil by $10 per short ton (st) after keeping it unchanged since Aug. 25.
Atlas Tube up $50/ton following NLMK USA sheet price hike
Atlas Tube, in a leading move, said it aims to increase prices for mechanical tubing, hollow structural sections (HSS), and piling products by at least $50 per short ton (st).
Pig iron market quiet as US mills aim to outwait Brazilian suppliers
US buyers want to drop pig iron prices to levels commensurate with the decline in prime scrap in their domestic market. Prime price shed $20 per gross ton (gt) in September and another $20/gt in October.
NLMK USA up $50/ton on HR and CR, up $100/ton on coated
NLMK USA plans to increase prices for hot-rolled and cold-rolled coil by at least $50 per short ton (st). The move is effective immediately for all spot orders, the steelmaker said in a letter to customers on Friday.
