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    June 17, 2024

    Nucor lowers weekly HR price by $5/ton

    Written by Laura Miller

    Nucor priced its weekly hot-rolled (HR) coil consumer spot price (CSP) at $715 per short ton (st) this week, down $5/st from last week.

    The move comes after a $60/st price cut was announced for the week of June 10.

    The HR base price is effective immediately for all the company’s sheet mills, save for California Steel Industries (CSI). The HR coil base price for CSI, at $775/st, is also lower by $5/st from last week.

    A letter to customers Monday said Nucor will continue to offer lead times of 3-5 weeks for all spot orders but to contact district sales managers for availability.

    As of June 11, SMU pegged HR coil spot prices in the US to be $660-760/st with an average of $710/st.

    Laura Miller

    Laura Miller is a reporter and editor for Steel Market Update. Since 2007, she has held various editorial and marketing positions with steel industry publications, associations, and mills. In 2021, after a five-year hiatus working across other industries, she returned to steel trade journalism, joining SMU 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. She can be reached at laura@steelmarketupdate.com or 724-759-7869.

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