Steel Mills

Cliffs maintains $750/ton list price for HR sheet
Written by Laura Miller
October 30, 2024
Cleveland-Cliffs is keeping its market price for hot-rolled (HR) coil flat at $750 per short ton (st) with the opening of its December order book.
That price is unchanged from the steelmaker’s previous price announcement made in September and $20/st higher than August’s notice.
“Although the supply chain has extended destocking through the third quarter, it is not sustainable and the value of our hot-rolled product continues to be reflected in a $750/ton base price,” the steelmaker said in a letter to customers on Wednesday.
The $750/st price applies to all new spot orders.
The letter adds for customers to inquire about lead times and availability.
Cliffs’ published HR base price is $10/st higher than competitor Nucor’s $740/st spot price set at the start of this week. Nucor posts its HR base price weekly, while Cliffs posts its market price monthly.
You can stay up to date on price announcements from North American mills with SMU’s price increase calendar.

Laura Miller
Read more from Laura MillerLatest in Steel Mills

Steel Summit: Schneider sees SDI ‘on the edge of a very good run’
Steel Dynamics Inc. (SDI) President and Chief Operating Officer, Barry Schneider, remains bullish about the Fort Wayne, Ind.-based steelmaker’s position in the current market.

Steel Summit: Burritt says USS and Nippon are fast-tracking modern steelmaking
U.S. Steel President and CEO David Burritt told audiences at SMU's Steel Summit 2025 that the iconic American steelmaker’s partnership with Nippon Steel is fast-tracking smarter steel production.

Nucor moves to stop HRC price slide with $10/ton hike
Nucor is attempting to halt the decline in hot-rolled coil prices with the announcement of a $10-per-short-ton increase in its weekly consumer spot price on Monday.

Explosion rocks ArcelorMittal’s DR plant in Mexico
ArcelorMittal reported a "strong" explosion at the direct reduction part of its massive Lazaro Cardenas mill in Mexico.

SDI to acquire remaining stake in New Process Steel
Steel Dynamics Inc. (SDI) announced that it has agreed to acquire the remaining 55% equity interest in New Process Steel.