• Skip to main content

    Prices

    November 12, 2024

    Nucor raises hot rolled spot price to $750/ton

    Written by Brett Linton

    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

    Brett Linton is a digital operations 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.

    Read more from Brett Linton

    Latest in Prices

    Sheet market expects broad price stability and ‘hot’ HR demand

    Some domestic hot-rolled (HR) coil market participants say they expect prices remain stable through the end of 2026.  Asked why prices would hold and not slip, sources said they anticipate mills won’t suddenly have much more capacity for spot orders. They also noted that the annual summer doldrums haven’t sent demand into a precipitous decline. They contend that most in the steel industry expected […]