Steel Prices
Nucor raises HR price, aims for $710/ton
Written by Brett Linton
August 26, 2024
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil increased $15 per short ton (st) from last week to $710/st.
The HR coil base price for Nucor subsidiary CSI also increased $15 from last week, with the Charlotte, N.C.-based steelmaker aiming to collect $775/st for HR coil in the West Coast market.
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. 20 check of the market showed HR coil spot prices ranging from $650-700/st, with an average of $675/st. That marked the fourth consecutive week of rising HR prices.
Brett Linton
Read more from Brett LintonLatest 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.