Steel Products Prices North America

Nucor cuts HR price for fourth straight week

Written by Laura Miller

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

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