Steel Prices

Nucor maintains $690/ton HR base price

August 12, 2024

Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil is unchanged from last week.

The steelmaker said in a letter to customers on Monday that its HR coil base price will be $690 per short ton (st). That’s steady from the first week of August and up $15/st from two weeks ago.

The HR coil base price for Nucor subsidiary CSI is up $10/st from two weeks ago but flat from last week at $755/st.

Lead times of 3-5 weeks will continue to be offered, but Nucor noted for customers to contact their district sales manager for availability.

SMU’s Aug. 6 check of the market pegged current HR coil spot prices in the range of $610-700/st, with an average of $655/st. That marked the second consecutive week of HR prices ticking higher.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. Since 2007, she has held various editorial and marketing positions with steel industry publications, associations, and mills. In 2021, after a five-year hiatus working across other industries, she returned to steel trade journalism, joining SMU in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania. She can be reached at laura@steelmarketupdate.com or 724-759-7869.