Nucor seeks to tame volatility with weekly HR spot price: execs

Nucor executives said the company’s recently introduced hot-rolled (HR) coil consumer spot price (CSP) was intended to address market volatility.

“We’re always looking for better ways to serve our customers, which has led us to introduce weekly pricing updates for our hot-rolled coil sheet products,” Leon Topalian, Nucor chair, president, and CEO, said in a Q1’24 earnings conference call on Tuesday.

Ethan Bernard

Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.