Steel Mills

Nucor holds the line on published HR spot price

Written by Laura Miller

December 17, 2024

Nucor said on Monday its spot base price for hot-rolled (HR) sheet this week will again be $750 per short ton.

The company has kept its weekly HR coil consumer spot price (CSP) at that level since Nov. 12.

Likewise, the weekly spot base price for HR from California Steel Industries (CSI) is unchanged this week at $810/st, Nucor said. CSI is a joint venture of the Charlotte, N.C.-based steelmaker and JFE Steel.

Buyers reported HR coil spot prices ranging from $650-700/st in SMU’s Dec. 10 market check. Last week’s average of $675/st, FOB mill East of the Rockies, was down $5/st from the previous week.

You can track mill pricing announcements using the calendar on our website.

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.

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