Steel Prices

Nucor cuts weekly HR price by $60/ton

Written by David Schollaert

Nucor said on Monday that it would lower its weekly hot-rolled (HR) coil price effective immediately.

In a letter to customers, the company said its consumer spot price (CSP) for the week of June 10 would be $720 per short ton (st), a $60/st cut vs. the prior week.

This is not the first big cut by the Charlotte, N.C.-based steelmaker. The company also cut its HR CSP by $65/st on May 6.

Base prices for Nucor’s California Steel Industries (CSI) subsidiary will be $780/st, a decrease of $60/st from its June 3 price of $840/st. The higher price reflects the differing market dynamics 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.

David Schollaert

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