Steel Mills

Nucor holds HR base price at $720/ton
Written by David Schollaert
October 21, 2024
Nucor is holding its hot-rolled (HR) coil consumer spot price (CSP) at $720 per short ton (st) this week, the Charlotte, N.C.-based steelmaker said in a letter to customers Monday morning.
The sideways move followed a $10/st cut last week. This week’s CSP is just $10/st higher than a month ago.
A CSP of $720/st puts Nucor’s HR price at the top of SMU’s range. Our Oct. 15 market check placed HR coil prices at $660-720/st, with an average of $690/st.
Nucor said it will offer lead times of 3-5 weeks, but customers should contact their district sales manager for availability.
West Coast CSP
Nucor also said it was keeping the CSP for HR coil from its West Coast joint-venture subsidiary, California Steel Industries (CSI), unchanged vs. last week at $780/st.
You can track this and other moves on SMU’s steel mill price announcement calendar on our website.

David Schollaert
Read more from David SchollaertLatest in Steel Mills

Op-Ed: Ternium CEO Máximo Vedoya wants a fair future forged in steel
After recently receiving an industry honor on behalf of Ternium, I had the opportunity to reflect and share my vision on the state and future of our industry.

Nippon eyeing new $4B U.S. Steel mill to sweeten deal: Report
Nippon Steel could build a new domestic U.S. Steel mill with a total investment of $4 billion.

Nucor cuts CSP by $20/ton, third straight drop
Nucor has lowered its consumer spot price by $20 per short ton, marking the third consecutive weekly decrease.

Nucor reports IT systems breach
Nucor said it temporarily and proactively halted some production operations at various locations.

Cliffs talks DOE funding, blast furnace relining schedule
The future of two projects supported in part by funding through the Department of Energy remains uncertain.