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: HR holds, galv slips amid competing market narratives
SMU’s sheet and plate prices see-sawed this week as hot-rolled (HR) coil prices held their ground while prices for galvanized product slipped.

Nucor carries $875/ton HR list price into week seven
Nucor is keeping hot-rolled (HR) coil prices unchanged again this week, according to its latest consumer spot price (CSP) notice issued on Monday, Oct. 6

Gap between US HR and landed import prices starts to narrow
The price gap between stateside hot band and landed offshore product narrowed this week. Still, with the 50% Section 232 tariff, most imports remain much more expensive than domestic material.

SMU Price Ranges: A newsy week sees modest price gains despite a quiet spot market
Market participants predicted that prices should be at or near a bottom. But while most seemed to agree on that point, many also said they saw little upside given a quiet spot market and ongoing concerns about demand.

Nucor increases plate prices by $60/ton
Nucor aims to increase prices for steel plate by $60 per short ton with the opening of its November order book.