Steel Products Prices North America
Nucor lowers weekly HR price by $5/ton
Written by Laura Miller
June 17, 2024
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
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