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
Read more from Laura MillerLatest in Steel Prices

CR import price gap widens with US
Cold-rolled (CR) coil prices ticked lower in the US this week, while prices in offshore markets diverged and ticked higher.

US-Brazil pig iron trade lacks movement
The Brazilian-US pig iron market has remained quiet, market sources told SMU.

Spread between US HRC, imports widens
Domestic hot-rolled (HR) coil prices were flat this week for a third straight week. Offshore prices all moved higher w/w, widening the margin between stateside and foreign product.

SMU Price Ranges: Tags mixed as uncertainty weighs on market
SMU’s hot-rolled (HR) coil price held steady this week while prices for other sheet and plate products declined.

Nucor spot HR list price unchanged at $875/ton
Nucor kept its weekly list price for hot-rolled (HR) coil unchanged this week, following a price bump of $10 per short ton (st) last week.