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
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