Nucor drops HRC price by $35/ton

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 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.