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

SDI profits soar in Q3’25 amid ‘record’ steel shipments
Steel Dynamics Inc.’s third-quarter profits jumped year over year as the company saw “record” quarterly steel shipments

Cliffs leans hard into auto after aluminum supply chain shock
Cleveland-Cliffs executives pointed to growing automotive demand as the engine driving a turnaround at the company.

CMC to strengthen precast position with Foley Products acquisition
Commercial Metals Co. (CMC) will acquire Newman, Ga.-based Foley Products Co. for $1.48 billion, making it the number three US precast concrete producer.

Cliffs posts Q3 loss, but sees upside in slab contract exit and auto deals
Cleveland-Cliffs Inc. pointed to signs of recovery in its third-quarter earnings report on Monday. Improved automotive volumes and a better product mix drove sequential gains, but the steelmaker’s financials continue to bled red.

CMC Q4 profits rise on improved market conditions
CMC reported higher net earnings in its fiscal fourth quarter on "better market conditions" across its segments.