Steel Mills

Nucor holds weekly HRC price steady after last week’s cut

Written by Laura Miller

Nucor chose to hold its consumer spot price (CSP) for hot-rolled (HR) coil steady this week after stunning the market last week with a significant price decline.

The steelmaker said in a letter to customers on Monday morning that its $760-per-short-ton (st) CSP base price for HR coil is effective immediately. The price is unchanged from the CSP announced on May 6 but down $65/st from $825/st April 29.

The weekly CSP applies to all the company’s producing sheet mills, except for California Steel Industries (CSI). The CSP for Nucor’s CSI subsidiary remains at $840/st.

The letter reminded customers that all published extras continue to apply to spot transactions.

Additionally, the company said spot order lead times “will be offered between 3-5 weeks” but to “please contact your Nucor district sales manager for availability.”

Laura Miller

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