Steel Prices

Nucor holds HR price steady this week

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

Laura Miller is a reporter and editor for Steel Market Update. Since 2007, she has held various editorial and marketing positions with steel industry publications, associations, and mills. In 2021, after a five-year hiatus working across other industries, she returned to steel trade journalism, joining SMU in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania. She can be reached at laura@steelmarketupdate.com or 724-759-7869.