Steel Prices

Nucor raises hot rolled spot price to $750/ton
Written by Brett Linton
November 12, 2024
On Tuesday, Nov. 12, Nucor increased its weekly consumer spot price (CSP) for hot-rolled (HR) coil this week to $750 per short ton (st).
The CSP had been $740/st for the two previous weeks. A month ago, it was $720/st.
The HR coil base price for Nucor subsidiary CSI also increased by $10/st to $810/st this week. It was $800/st for the two weeks before that and $780/st one month ago.
The Charlotte, N.C-based steelmaker noted that lead times of 3-5 weeks continue to be offered, and customers should contact their district sales manager for availability. Published extras will apply to all spot transactions.
SMU’s Nov. 5 check of the market had HR coil spot prices ranging from $640-720/st, averaging $680/st, down $5/st from the week prior. We will update our price indices this evening.

Brett Linton
Read more from Brett LintonLatest in Steel Prices

SMU Price Ranges: HR slips, hopes for Q4 rebound still standing
SMU’s price ranges were mixed again this week as the market continues to seek a floor amid industry hopes for a Q4 rebound.

HARDI members suspect galvanized steel prices have hit the floor
Half of the participants on this month's Air-Conditioning & Refrigeration Distributors International (HARDI) Sheet Metal/Air Handling Council call expect galvanized steel base prices to remain flat at ~$48 per hundredweight ($960/short ton) for the next 30 days.

Nucor’s hot band list price holds at $875/ton
Nucor held its hot-rolled coil list price flat again this week, according to its Monday, Sept. 15 consumer spot price (CSP) notice.

Price gap between US CR, most imports widens
Cold-rolled (CR) coil prices ticked lower in the US this week, while prices in offshore markets mostly diverged and ticked higher.

Pig iron market outlook cloudy
The pig iron market in Brazil is currently in flux and there have been few, if any, confirmed cargoes transacted for the US.