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

Nucor sees sequentially lower Q3 profits across all three business segments
Nucor's third-quarter earnings will be down quarter-over-quarter, but still higher than a year earlier.

Hyundai still on for Louisiana steel mill despite US raid at Georgia battery plant
Hyundai has reaffirmed its commitment to build a steel plant in Louisiana following a US government immigration raid at its battery facility in Georgia.

Hybar lowers output forecast, owning up to EAF startup delay
Hybar LLC’s rebar mill in Osceola, Ark., is now melting scrap and will soon be fulfilling orders, according to CEO David Stickler, despite a six-to-eight-week delay caused by commissioning the world’s first Aura electrical system.

Steel Dynamics guides to more metal, more money in Q3
Steel Dynamics Inc. is bullish heading into the close of the third quarter, with all three of its operating segments tracking higher.

AHMSA opens doors to potential buyers as $1.3B asset auction nears
AHMSA is opening its doors to potential buyers to tour its steel plant and mining operations in northern Mexico in preparation for the next stage of its bankruptcy process: the auction of its assets.