Prices
June 3, 2024
Written by Laura Miller
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).
Sheet and plate prices continued to move higher on market dynamics that have carried headlines for much of the second half of the year: scarce spot tons, long lead times, production delays, lean inventories, and stable demand.
Ferrous scrap prices appear to be up in October as trading gets underway, according to preliminary reports from market sources.
Nucor's consumer spot price for hot-rolled increased by $10/st w/w on Monday, Oct. 5 to $1,230 per short ton.
SSAB Americas aims to increase base plate prices by at least $60 per short ton (st), according to a letter sent to customers on Monday.
As substrate costs continue to rise, Nucor Tubular Products announced a price increase for heavy structural sections (HSS), mechanical, and piling products.