Steel Prices

Nucor maintains $720/ton HR base price
Written by David Schollaert
September 16, 2024
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil is unchanged from last week.
The steelmaker said in a letter to customers on Monday that its HR coil base price will be $720 per short ton (st). That’s steady vs. last week when Nucor bumped tags up $10/st from the previous week.
The HR coil base price at Nucor’s majority-owned subsidiary CSI is also flat from last week at $780/st.
You can track mill price announcements here.
Nucor said it will continue to offer lead times of 3-5 weeks but noted that customers should contact their district sales manager for availability.
SMU’s Sept. 10 check of the market pegged HR coil spot prices in the range of $650-720/st, with an average of $685/st. The average fell $5/st from the previous week.

David Schollaert
Read more from David SchollaertLatest in Steel Prices

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).

Nucor keeps HR spot price at $875/ton
Nucor has left its consumer spot price for hot-rolled coil at $875 per short ton for the eighth straight week.

Domestic plate prices could heat up despite so-so demand, market sources say
Some sources also speculated that plate could see further price increases thanks to modest but steady demand, lower imports, mill maintenance outages, and end markets less immediately affected by tariff-related disruptions.

Gap between US HR prices, imports little changed
SMU’s average price for domestic hot-rolled (HR) coil was $795 per short ton (st) this week, sideways week on week (w/w). The move was different in offshore markets last week, as prices eased marginally.

HRC futures: Market awaits catalyst from a fragile floor
The US hot-rolled coil (HRC) market feels steadier as the 4th quarter begins - not strong, but no longer slipping either.