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

Brett Linton is a senior analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.

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