Nucor lowers weekly HR price by $5/ton

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. 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.