Steel Mills

Nucor keeps HR base price steady to end November

November 25, 2024

Nucor is holding its hot-rolled (HR) coil base price flat for a third week.

The steelmaker told customers on Monday, Nov. 25, that its consumer spot price (CSP) for HR coil will be $750 per short ton (st) this week.

Additionally, the CSP for HR coil from California Steel Industries (CSI), Nucor’s West Coast joint-venture subsidiary, is unchanged this week at $810/st.

Having started November asking $740/st, Nucor held the weekly spot price basically flat for all of November.

The HR CSP has remained above the $700/st mark since the last week of August, according to SMU’s mill price announcement calendar.

Nucor’s Monday pricing letter noted the company’s mills would continue to offer 3-5-week lead times, but customers should reach out regarding availability.

In our Tuesday, Nov. 19, check of the market, SMU assessed current HR coil prices at $620-740/st, with an average of $680/st, and average HR lead times to be 4.6 weeks.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held a variety of positions within the steel industry since 2007, including reporting and editing for Steel Business Briefing/Platts, the Association for Iron and Steel Technology, and Kallanish Commodities, as well as marketing for what was then known as ThyssenKrupp Steel USA (now AM/NS Calvert). After a five-year hiatus working across other industries, she returned to steel in 2021 and has covered the flat rolled, tubular, and trade areas of the industry. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania. She can be reached at laura@steelmarketupdate.com or 724-759-7869.