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

Michael Cowden is editor-in-chief for Steel Market Update. Cowden has covered the steel industry since 2007. He specializes in flat-rolled steel but has also reported on steel long products, steel pipe and tube, and aluminum. Before joining SMU, Cowden held reporting jobs at Fastmarkets AMM in Chicago, the Associated Press in Pittsburgh, and the Cambodia Daily in Phnom Penh. He has also worked as a copy editor and in marketing at the University of Chicago Press. Cowden has a BA in English from the University of Chicago and an MSJ journalism from Northwestern University’s Medill School of Journalism. Contact him at michael@steelmarketupdate.com or 724-759-7872.

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