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

CR import price gap widens with US
Cold-rolled (CR) coil prices ticked lower in the US this week, while prices in offshore markets diverged and ticked higher.

US-Brazil pig iron trade lacks movement
The Brazilian-US pig iron market has remained quiet, market sources told SMU.

Spread between US HRC, imports widens
Domestic hot-rolled (HR) coil prices were flat this week for a third straight week. Offshore prices all moved higher w/w, widening the margin between stateside and foreign product.

SMU Price Ranges: Tags mixed as uncertainty weighs on market
SMU’s hot-rolled (HR) coil price held steady this week while prices for other sheet and plate products declined.

Nucor spot HR list price unchanged at $875/ton
Nucor kept its weekly list price for hot-rolled (HR) coil unchanged this week, following a price bump of $10 per short ton (st) last week.