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    Market Segment

    November 18, 2024

    Nucor maintains HR price at $750/ton

    Written by David Schollaert

    Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil was unchanged week on week (w/w) at $750 per short ton (st) on Monday, Nov. 18.

    The Charlotte, N.C-based steelmaker kept its published price flat this week after moving it up by $10/st the week prior.

    The HR coil base price for Nucor’s joint-venture subsidiary California Steel Industries (CSI) was also unchanged w/w at $810/st.

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

    SMU’s latest check of the market on Nov. 12 had HR coil spot prices ranging from $640-740/st, averaging $690/st, up $10/st from the prior week.

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

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

    Read more from David Schollaert

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