Steel Mills

Nucor again holds HR spot price at $750/ton

December 2, 2024

For the fourth week in a row, Nucor will keep its published spot price for hot-rolled (HR) coil unchanged.

Nucor’s weekly consumer spot price (CSP) for HR will be $750 per short ton (st) this week, the steelmaker said in a letter to customers on Monday.

The CSP has been at $750/st since the week of Nov. 12, according to SMU’s mill price announcement calendar. Before that, it spent two weeks at $740/st. It’s now risen $100/st since bottoming at $650/st in mid-July.

The published CSP has been higher than average transaction prices for HR purchased on the spot market, according to buyers. In our Nov. 26 market check, SMU pegged HR coil spot prices at $620-720/st, with an average price of $670/st.

CSI CSP

Nucor said on Monday that its CSP in the West Coast market is also unchanged this week.

The spot price for HR coil from joint-venture subsidiary California Steel Industries (CSI) remains at $810/st this week.

CSI’s CSP has risen by just $30/st since mid-October.

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.