Steel Prices
Nucor ups weekly HR price by $10/ton
Written by Brett Linton
September 23, 2024
Nucor increased its weekly consumer spot price (CSP) for hot-rolled (HR) coil by $10 per short ton (st) this week. In a letter to customers on Monday, Sept. 23, the steelmaker said its HR price will be $730/st.
The CSP had been $720/st for the last two weeks. A month ago, it was $710/st.
Nucor also adjusted the HR coil base price for subsidiary CSI, raising it by $10/st from last week to $790/st. One month ago it was $775/st.
Lead times of 3-5 weeks will continue to be offered, but Nucor noted that customers should contact their district sales manager for availability. Published extras will apply to all spot transactions.
SMU’s Sept. 17 check of the market had HR coil spot prices ranging from $660-720/st, with an average of $690/st.
Brett Linton
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