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
Read more from Laura MillerLatest in Steel Products Prices North America
Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.
SMU Price Ranges: Some predict bottom is near as big discounts dry up
Sheet prices were mixed this week as some mills continued to offer significant discounts to larger buyers while others have shifted toward being more disciplined, market participants said.
SMU Price Ranges: Tags mixed as uncertainty weighs on market
SMU’s hot-rolled (HR) coil price held steady this week while prices for other sheet and plate products declined.
Nucor spot HR list price unchanged at $875/ton
Nucor kept its weekly list price for hot-rolled (HR) coil unchanged this week, following a price bump of $10 per short ton (st) last week.
SMU price ranges: Flat-rolled balloon continues to leak
Sheet and plate prices were flat or lower again this week on continued concerns about demand and higher production rates among US mills.