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

Brett Linton is a senior analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.

Read more from Brett Linton

Latest in Steel Prices