Steel Prices
Nucor maintains $690/ton HR base price
Written by Laura Miller
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
Read more from Laura MillerLatest in Steel Prices
CR import price gap widens with US
Cold-rolled (CR) coil prices ticked lower in the US this week, while prices in offshore markets diverged and ticked higher.
US-Brazil pig iron trade stalls heading into fall
The Brazilian-US pig iron market has remained quiet, market sources told SMU.
Spread between US HRC, imports widens
Domestic hot-rolled (HR) coil prices were flat this week for a third straight week. Offshore prices all moved higher w/w, widening the margin between stateside and foreign product.
SMU Price Ranges: Tags mixed as uncertainty weighs on market
SMU’s hot-rolled (HR) coil price held steady this week while prices for other sheet and plate products declined.
Nucor spot HR list price unchanged at $875/ton
Nucor kept its weekly list price for hot-rolled (HR) coil unchanged this week, following a price bump of $10 per short ton (st) last week.