Steel Prices
Nucor keeps its HR price unchanged at $780/ton
Written by Laura Miller
June 3, 2024
Nucor said on Monday that it would keep its weekly hot-rolled (HR) coil price flat this week.
In a letter to customers, the company said its consumer spot price (CSP) for the week of June 3 will remain $780 per short ton (st).
The sideways move comes after two consecutive weeks of a $10/st increases the HR coil CSP from the $760/st price point Nucor set at the start of May.
The steelmaker noted that the HR base price at its California Steel Industries (CSI) subsidiary will remain at $840/st. The higher price reflects the difference between the West Coast market and the rest of the country.
To keep track of the latest mill price notices, visit SMU’s price announcement calendar.
Laura Miller
Read more from Laura MillerLatest in Steel Prices
SMU Price Ranges: Sheet floor holds as market debates upside
Our average HR coil price increased $5/short ton from last week, marking a second consecutive week of modest gains. Market participants generally attributed the increase to...
Nucor HR spot price flat at $875/ton
Nucor kept its consumer spot price (CSP) for hot-rolled coil at $875 per short ton (st) for the ninth straight week.
HRC-galvanized price gap narrows
After marginally rising in August and September, the premium galvanized coil carries over hot-rolled coil (HRC) coil has narrowed again in recent weeks. As of Sept. 16, the spread between these two products has shrunk to a two-and-a-half-year low of $125 per short ton (st).
Hot-rolled sources say demand continues to dwindle, prices feel arbitrary
Genuine demand, they stated, will return when the market feels stable again.
Gap between US HR prices, imports narrows
SMU’s average price for domestic hot-rolled (HR) coil was $800 per short ton (st) this week, up $5/st week on week (w/w). In offshore markets last week, prices were varied.