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

Brett Linton is a senior analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.

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