Steel Mills

Nucor maintains HR list price of $730/ton for a third week

Written by Laura Miller

October 7, 2024

Nucor’s consumer spot price (CSP) for hot-rolled (HR) coil is unchanged this week at $730 per short ton (st).

This marks the third consecutive week the Charlotte, N.C-based steelmaker has kept its spot HR price at $730/st. The weekly price is up just $20/st since the start of September. It’s up a more significant $80/st from a low of $650/st in July.

This week’s CSP from Nucor remains at the top of SMU’s current price range of $680-730/st for HR coil. The average HR price established in our Oct. 1 check of the market was $705/st. We will again update prices this Tuesday.

Nucor also told customers on Monday that it would maintain the $790/st CSP for HR purchased from its West Coast joint venture subsidiary, California Steel Industries (CSI).

Check out SMU’s mill price announcement calendar on our website to track this and other flat-rolled steel price notices.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held a variety of positions within the steel industry since 2007, including reporting and editing for Steel Business Briefing/Platts, the Association for Iron and Steel Technology, and Kallanish Commodities, as well as marketing for what was then known as ThyssenKrupp Steel USA (now AM/NS Calvert). After a five-year hiatus working across other industries, she returned to steel in 2021 and has covered the flat rolled, tubular, and trade areas of the industry. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania. She can be reached at laura@steelmarketupdate.com or 724-759-7869.

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