Steel Mills
Nucor holds HR CSP at $670/t
Written by Ethan Bernard
July 8, 2024
Nucor has kept its consumer spot price (CSP) for hot-rolled (HR) coil flat this week.
The Charlotte, N.C.-based steelmaker said in a letter to customers on Monday that its CSP base price for the week will be $670 per short ton (st) for all of its sheet mills, except California Steel Industries (CSI).
This follows four consecutive weeks of price cuts. Note that CSI’s HR base price was also held steady at $750/st week over week.
SMU’s average spot HR price was $665/st as of last Tuesday.
Nucor’s letter also said lead times of 3-5 weeks will remain on offer but to contact district sales managers for availability. Additionally, the company’s published extras will apply to all spot transactions.
Ethan Bernard
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