Steel Prices
Nucor holds HR price steady this week
Written by Laura Miller
April 22, 2024
Nucor is holding its hot-rolled (HR) coil consumer spot price (CSP) flat this week.
On Monday morning, the steelmaker published an $835-per-short-ton (st) HR coil base price for the week of April 22, unchanged from last week’s announcement. The price is effective immediately and will remain in place until a new CSP is announced next Monday, the company said in a letter to customers.
It noted that $835/st will be the base price for all its producing mills except for its California Steel Industries (CSI) subsidiary. CSI’s HR coil base price increased by $10 from last week to $900/st this week.
Nucor told customers that it will maintain lead times of three to five weeks for spot orders “to aid in supporting your ability to better plan.”
Nucor announced its new CSP pricing mechanism on April 4. On April 8, it announced a CSP of $830/st before raising it to $835/st on April 15.
Laura Miller
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