Steel Prices

Nucor maintains $740/ton HR price for second week

Written by Brett Linton

November 4, 2024

Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil was unchanged week on week (w/w) at $740 per short ton (st) as of Monday, Nov. 4.

This marks the second consecutive week the Charlotte, N.C-based steelmaker has published this price. The CSP was at $720/st for the two weeks prior to last week. It was $730/st one month ago.

The HR coil base price for the Nucor subsidiary CSI in California was also unchanged w/w at $800/st. It was at $780/st for the two weeks prior to that and $790/st one month ago.

Lead times of 3-5 weeks will continue to be offered, but Nucor noted for customers to contact their district sales manager for availability. Published extras will apply to all spot transactions.

SMU’s latest check of the market on Oct. 29 had HR coil spot prices ranging from $640-730/st, averaging $685/st, unchanged from the prior week.

Visit SMU’s mill price announcement calendar webpage to see historical steel price notices.

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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