Steel Products Prices North America

Nucor cuts HR price for fourth straight week
Written by Laura Miller
July 1, 2024
Nucor lowered its consumer spot price (CSP) for hot-rolled (HR) coil by another $10 per short ton (st) for the first week of July.
The steelmaker said in a letter to customers on Monday that its CSP base price for the week will be $670/st for all of its sheet mills with the exception of California Steel Industries (CSI).
This is the fourth consecutive week of declines in Nucor’s CSP. It’s now fallen by $110/st since the start of June.
Note that Nucor’s $670/st HR price this week is the same as SMU’s average spot HR price of $670/st established on Tuesday last week.
Meanwhile, CSI’s HR base price will be $750/st this week, a drop of $10/st from the previous week and down $90/st from the first week of June.
Nucor’s letter said lead times of 3-5 weeks will continue to be offered but to contact district sales managers for availability.

Laura Miller
Read more from Laura MillerLatest in Steel Products Prices North America

SMU Price Ranges: HR holds, galv slips amid competing market narratives
SMU’s sheet and plate prices see-sawed this week as hot-rolled (HR) coil prices held their ground while prices for galvanized product slipped.

Nucor carries $875/ton HR list price into week seven
Nucor is keeping hot-rolled (HR) coil prices unchanged again this week, according to its latest consumer spot price (CSP) notice issued on Monday, Oct. 6

SMU Price Ranges: A newsy week sees modest price gains despite a quiet spot market
Market participants predicted that prices should be at or near a bottom. But while most seemed to agree on that point, many also said they saw little upside given a quiet spot market and ongoing concerns about demand.

Nucor increases plate prices by $60/ton
Nucor aims to increase prices for steel plate by $60 per short ton with the opening of its November order book.

Nucor’s $875/ton HR spot price spills into week six
Nucor is keeping hot-rolled (HR) coil prices unchanged again this week, according to its latest consumer spot price (CSP) notice issued on Monday, Sept. 29.