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

HRC futures: Market awaits catalyst from a fragile floor
The US hot-rolled coil (HRC) market feels steadier as the 4th quarter begins - not strong, but no longer slipping either.

October scrap market settles with bush down $20, shred down $10
Most mills sought a drop of $20-40 per gross ton (gt) in busheling prices and a $20/gt dip for shredded and HMS. Despite efforts to buy cheaper, the busheling price settled at down only $20/gt.

SMU Price Ranges: HR holds, galv slips amid competing market narratives
SMU’s sheet and plate prices see-sawed this week as hot-rolled (HR) coil prices held their ground while prices for galvanized product slipped.

Nucor carries $875/ton HR list price into week seven
Nucor is keeping hot-rolled (HR) coil prices unchanged again this week, according to its latest consumer spot price (CSP) notice issued on Monday, Oct. 6

Gap between US HR and landed import prices starts to narrow
The price gap between stateside hot band and landed offshore product narrowed this week. Still, with the 50% Section 232 tariff, most imports remain much more expensive than domestic material.