Steel Prices
Nucor's HR spot price unchanged for 5th week
Written by Laura Miller
December 9, 2024
Nucor’s weekly spot price for hot-rolled (HR) coil will remain at $750 per short ton (st) for a fifth week.
The steelmaker communicates its weekly consumer spot price (CSP) for HR coil in a letter to customers every Monday. This week’s letter was virtually unchanged from last week, save for the date.
At October’s start, the HR CSP was $730/st. It fluctuated slightly throughout the month and started November at $740/st. It bumped up to $750/st on Nov. 12 and has not changed since.
Nucor’s published asking price for HR remains above average transaction prices in the market. Buyers reported spot prices of $640-720/st, with an average of $680/st, in SMU’s market check on Tuesday, Dec. 3.
You can keep track of steel price moves using the steel mill price increase calendar on our website.
CSI CSP
The spot price for HR coil from California Steel Industries (CSI) is also steady this week at $810/st.
The higher price for material from Nucor’s joint-venture subsidiary in Fontana, Calif., reflects the higher tags typical in the West Coast market.
The CSP for CSI started October at $790/st, November at $800/st, and December at $810/st.
Laura Miller
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