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
Read more from Ethan BernardLatest in Steel Mills
SSAB posts Q3 profit, sees caution among US buyers
Swedish steelmaker SSAB said its weaker third-quarter financial performance was due to muted demand, planned maintenance outages, and the continued decline of US plate prices.
Nucor upbeat on progression of flat rolled expansions
Nucor isn’t overly concerned with low utilization rates or an oversupplied market, as its investment strategy is for the long term, executives reminded investors on Tuesday.
Nucor Q3 profit falls sharply on lower steel prices, further drop seen in Q4
Nucor's profits dropped precipitously in the third quarter on lower prices in its steel mills segment as the company expects a continued earnings slide for Q4'24.
Nucor holds HR base price at $720/ton
Nucor is holding its hot-rolled coil consumer spot price at $720/short ton this week.
Nucor commissions SMS group to upgrade Alabama plate mill
Nucor Corp. has commissioned SMS group to upgrade its Tuscaloosa, Ala., plate mill.