Steel Mills

Nucor drops HRC price by $35/ton

Written by Laura Miller

June 24, 2024

Nucor’s weekly hot-rolled (HR) coil price registered a notable decline this week.

The steelmaker said in a letter to customers on Monday morning that its consumer spot price (CSP) for HR coil will be $680 per short ton (st) for the week of June 24. This marks a $35/st decline from last week’s CSP of $715/st.

The CSP has fallen by $100/st, or 13%, from $780/st at the beginning of June.

This week’s CSP from Nucor is in line with SMU’s June 18 market check, which assessed current spot HR coil prices at $630-740/st, with an average of $685/st.

Additionally, Nucor lowered the CSP at subsidiary California Steel Industries (CSI) by $15/st from last week to $760/st. CSI’s HR price is down from $840/st at the start of the month.

To keep track of the latest mill price notices, visit SMU’s price announcement calendar.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held a variety of positions within the steel industry since 2007, including reporting and editing for Steel Business Briefing/Platts, the Association for Iron and Steel Technology, and Kallanish Commodities, as well as marketing for what was then known as ThyssenKrupp Steel USA (now AM/NS Calvert). After a five-year hiatus working across other industries, she returned to steel in 2021 and has covered the flat rolled, tubular, and trade areas of the industry. 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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