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    August 5, 2024

    Nucor bumps HR price up again, aims for $690/ton

    Written by Ethan Bernard

    Nucor has raised its consumer spot price (CSP) for hot-rolled (HR) coil to $690 per short ton (st), up $15/st from last week.

    This marks the second consecutive week the company has sought an increase.

    HR prices for CSI, the company’s sheet subsidiary in California, also rose. Nucor aims collect $755/st for HR from CSI, up $10/st from last week. Note that sheet prices on the West Coast are typically higher than those east of the Rocky Mountains.

    The Charlotte, N.C.-based steelmaker said lead times for all spot orders will be offered between 3-5 weeks.

    SMU’s average price for HR coil ticked up to $640/st as of last Tuesday, $5/st higher than a week earlier. We will update sheet and plate prices again on Tuesday evening.

    Ethan Bernard

    Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

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