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    Market Segment

    November 25, 2024

    Nucor keeps HR base price steady to end November

    Written by Laura Miller

    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 various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team in 2022. 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.

    Read more from Laura Miller

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