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

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

Laura Miller is a reporter and editor for Steel Market Update. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team 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.