Steel Prices

Nucor increases CSP, aims for $740/ton HRC
Written by Brett Linton
October 28, 2024
Nucor has raised its weekly consumer spot price (CSP) for hot-rolled (HR) coil by $20 per short ton (st). It stands at at $740/st as of Monday, Oct. 28.
The CSP was $720/st for the previous two weeks and $730/st one month ago. View our Steel Mill Price Announcement Calendar for historical figures.
The HR coil base price for Nucor subsidiary CSI also increased $20 from last week to $800/st. It was at $780/st for the two weeks prior and $790/st one month ago.
Lead times of 3-5 weeks will continue to be offered. Published extras will apply to all spot transactions, the Charlotte, N.C.-based steelmaker said.
SMU’s Oct. 22 check of the market had HR coil spot prices ranging from $650-720/st, averaging $685/st and down $5/st from the week prior.

Brett Linton
Read more from Brett LintonLatest in Steel Prices

SMU price ranges: Sheet and plate prices slip
Most sheet and plate steel prices declined yet again this week, with four of SMU’s five indices moving lower.

Nucor holds HRC CSP at $930/ton for third week
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil remained unchanged this week.

CRU: Chinese steel export prices mixed, although local buying improves
Chinese export prices for longs were almost steady this week, while those for flats generally declined as producers cut prices to secure deals.

HR Futures: Nascent rally in HRC futures settles above 6-week downtrend
The CME Midwest HRC futures market’s response to Trump’s election and subsequent comments about blanket 25% tariffs on Canada and Mexico was surprisingly counterintuitive.

SMU price ranges: Tags flat or down, sheet momentum ‘lower’
SMU’s flat-rolled steel prices were flat or lower as tariff-related uncertainty continued to drag on the market.