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    May 24, 2024

    CRU: Nucor’s CSP - A disruption to steel sheet market status quo

    Written by Josh Spoores

    Nucor’s consumer spot price (CSP), a legitimate mill offer price, is a potential disruptor to North American steel sheet commercial and procurement strategies. We will dive into the details of what we think the CSP is and why we believe it is a potential disruption to how the North American sheet market operates. Further, as steel buyers diversify their procurement strategy to embrace more spot transactions, including Nucor’s CSP, it will be more imperative than ever for companies to successfully navigate this market data. This is where CRU shines as an independent third party whose US Midwest price assessment and market analysis cuts through the noise and distills a balanced view of actual transactions in the wider market.      

    What is Nucor’s CSP?

    Josh Spoores

    Josh Spoores joined CRU in 2012 as Principal Analyst and editor of CRU’s Steel Sheet Monitor and Steel Sheet Market Outlook. During that time, Mr. Spoores forecast prices, demand, production and trade of sheet and plate products for both Canada and the US for CRU's Steel Sheet & Plate Market Outlooks. Today, he heads up steel analysis and forecasting for the Americas region. Prior to joining CRU, he was a Senior Marketing Analyst at Severstal North America, founder of Steel Reality, a forward-looking market analysis firm using a models-based approach for flat rolled and plate steel. He was also the Market Research Manager at Majestic Steel USA, one of the largest flat rolled service centres in the USA. He has a BSc in Business Administration from Bowling Green State University.

    Read more from Josh Spoores

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