• Skip to main content

    Prices

    June 3, 2024

    Nucor keeps its HR price unchanged at $780/ton

    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).

    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

    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.

    Read more from Laura Miller

    Latest in Prices

    Sheet market expects broad price stability and ‘hot’ HR demand

    Some domestic hot-rolled (HR) coil market participants say they expect prices remain stable through the end of 2026.  Asked why prices would hold and not slip, sources said they anticipate mills won’t suddenly have much more capacity for spot orders. They also noted that the annual summer doldrums haven’t sent demand into a precipitous decline. They contend that most in the steel industry expected […]