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
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