Steel Mills

Nucor maintains $750/ton list price for spot HR
Written by Ethan Bernard
January 2, 2025
Nucor said on Monday, Dec. 30, that it was keeping its spot base price for hot-rolled sheet this week at $750 per short ton (st).
The Charlotte, N.C.-based steelmaker has held its consumer spot price (CSP) at this amount since the middle of November.
Additionally, the weekly spot base price for HR from California Steel Industries (CSI) remains at the same level as previously at $810/st.
The company said lead times for all spot orders will be offered between 3-5 weeks.
SMU will next update our hot-rolled coil prices on Tuesday, Jan. 7.

Ethan Bernard
Read more from Ethan BernardLatest in Steel Mills

Cleveland-Cliffs quietly removes name from Steelton mill
The Cleveland-Cliffs name has been removed from its idled Steelton rail mill. SMU asked Cliffs about the move and if it might signal that it is selling the mill...

Nucor sees sequentially lower Q3 profits across all three business segments
Nucor's third-quarter earnings will be down quarter-over-quarter, but still higher than a year earlier.

Hyundai still on for Louisiana steel mill despite US raid at Georgia battery plant
Hyundai has reaffirmed its commitment to build a steel plant in Louisiana following a US government immigration raid at its battery facility in Georgia.

Hybar lowers output forecast, owning up to EAF startup delay
Hybar LLC’s rebar mill in Osceola, Ark., is now melting scrap and will soon be fulfilling orders, according to CEO David Stickler, despite a six-to-eight-week delay caused by commissioning the world’s first Aura electrical system.

Steel Dynamics guides to more metal, more money in Q3
Steel Dynamics Inc. is bullish heading into the close of the third quarter, with all three of its operating segments tracking higher.