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    Nucor increases CSP, aims for $720/ton on HRC

    Written by Ethan Bernard


    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.

    Ethan Bernard

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    Mills seek more scrap after lower prices fail to attract tons

    Several mills that bought October scrap early last week are still asking for additional supplies, scrap market participants said. The reason: the mills' initial prices did not attract enough of the raw material, they said. A trading source based in northern Ohio said three mills have contacted his firm seeking offers for additional tons. He said the mills asked for offers even if prices were higher than their original buys last week.