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
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SMU successfully completes IOSCO review
SMU has successfully completed an external review of all our prices. The review has concluded that they algin with principles set by the International Organization of Securities Commissions (IOSCO).