Steel Mills

Cliffs sets $720/ton HR price with opening of August books
Written by Laura Miller
June 25, 2024
Cleveland-Cliffs on Tuesday announced its monthly hot-rolled (HR) coil price of $720 per short ton (st) with the official opening of its August order book. The rate is down from last month’s price of $800/st.
Cliff said in a June 25 letter to customers the HR base price is effective immediately.
“The pricing is valid for all new spot inquiries,” the company said, noting that customers should reach out to their account managers for lead times and availability.
Cliffs’ price is $40/st above the spot HR price of $680/st announced by Nucor on Monday. Recall that Cliffs announces its HR price monthly, while Nucor’s is published weekly.
At SMU’s last market check, we assessed current HR coil spot prices to be $630-740/st, with an average of $685/st.
SMU maintains its mill price announcement calendar to help you keep tabs on announced pricing movements.

Laura Miller
Read more from Laura MillerLatest in Steel Mills

SSAB announces $74M expansion in Alabama
The project will expand heat treat capacity at its Axis, Alabama plant

ArcelorMittal’s EAF in Alabama expects first heat in Q2
The facility at AMNS Calvert will be the first EAF in North America capable of supplying exposed automotive grades with domestically melted and poured material.

Nucor’s Topalian lauds Trump’s trade policies, downplays impact
Nucor’s top exec Leon Topalian said the benefit of the current administration’s aggressive trade policies “trumps” any risk of potentially higher raw materials prices.

SSAB reports higher production, shipments
But profits slipped vs. last year.

Nucor earnings slump in first quarter, but better times seen ahead
Nucor’s profits fell precipitously in the first quarter, but the company has a rosier outlook for the following quarter.