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    August 12, 2024

    Nucor maintains $690/ton HR base price

    Written by Laura Miller

    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. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team 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.

    Read more from Laura Miller

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