Steel Prices
Nucor increases CSP, aims for $720/ton on HRC
Written by Ethan Bernard
September 9, 2024
Nucor has raised its weekly consumer spot price (CSP) for hot-rolled (HR) coil by $10 per short ton (st) to $720/st.
The price had been steady at $710/st for the past two weeks.
HR prices for Nucor subsidiary California Steel Industries (CSI) also rose on Monday. The company aims to collect $780/st, representing a $25/st increase from the previous week
Lead times will remain on offer at 3-5 weeks, but Nucor said customers should contact their district sales manager for availability. Published extras will apply to all spot transactions.
SMU’s Sept. 3 check of the market put current HR coil spot prices in the range of $660-720/st, averaging $690/st. The average fell $10/st from the previous week, the first decline in over a month.
Ethan Bernard
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