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    September 9, 2024

    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.

    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

    Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

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