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

David Schollaert is a senior analyst for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. Based in CRU’s Pittsburgh office, David can be reached at david@steelmarketupdate.com or 724-720-1008.

Read more from David Schollaert

Latest in Steel Prices