Steel Prices
Nucor holds HR base price at $730/st
Written by Laura Miller
September 30, 2024
Nucor is holding its hot-rolled (HR) coil consumer spot price (CSP) at $730 per short ton (st) this week.
The sideways move follows a $10/st increase last week. This week’s CSP is $20/st higher than a month ago.
A CSP of $730/st puts Nucor’s HR price at the top of SMU’s range. Our Sept. 24 market check pegged HR coil prices at $660-730/st, with an average of $695/st.
In a letter to customers on Monday, the steelmaker noted that the HR price at its CSI joint venture subsidiary in California will be $790/st. That’s also flat from last week.
Nucor said it will offer lead times of 3-5 weeks, but customers should contact their district sales manager for availability.
Last week’s SMU survey showed lead times for HR coil currently range from 3-6 weeks, with an average of 4.9 weeks.
You can track this and other moves on SMU’s steel mill price announcement calendar on our website.

Laura Miller
Read more from Laura MillerLatest in Steel Prices

SMU price ranges: Sheet and plate drift lower as summer lull continues
Steel prices continued to decline this week across all of the sheet and plate products tracked by SMU, pressured by short lead times and the typical summer slowdown.

Nucor lowers HR price to $900/ton
Nucor is lowering its list price for spot hot-rolled coil for the first time since May 27.

Steel buyers ignore tariff noise amid slow summer market
Section 232 tariffs have doubled to 50%. Reciprocal tariffs rates remain uncertain. But while prices have softened on even softer sentiment, tariffs have firmed the floor.

CRC price declines tighten US vs. EU gap
Cold-rolled (CR) coil prices continued to tick lower in the US this week, with a similar trend seen in offshore markets.

CRU Outlook: Near-term regional steel price trends will diverge
Chinese steel export prices are expected to rise and support prices across most of Asia in the coming month. In Europe, buyers are likely to frontload import orders ahead of CBAM imposition, while new trade agreements are likely to emerge in the US. Steel prices in the APAC are expected to rise, except in India […]