Steel Prices
No movement in Nucor’s weekly HR spot price
Written by Laura Miller
January 6, 2025
While steel news may be starting 2025 off with a bang, Nucor’s consumer spot price (CSP) for hot-rolled (HR) coil is not: The steelmaker is keeping its weekly published price unchanged for yet another week.
Nucor’s HR coil CSP has been at $750 per short ton (st) since mid-November. And it will remain there for this week, the Charlotte, N.C.-based company said on Monday morning.
The spot price for HR from Nucor’s joint-venture subsidiary California Steel Industries (CSI) is also unchanged at $810/st.
SMU’s average HR price has also seen little change since November, hovering around $675/st, according to our interactive pricing tool.
We will update our price indices this week and publish the prices in Tuesday’s newsletter.
Laura Miller
Read more from Laura MillerLatest in Steel Prices
October scrap market settles with bush down $20, shred down $10
Most mills sought a drop of $20-40 per gross ton (gt) in busheling prices and a $20/gt dip for shredded and HMS. Despite efforts to buy cheaper, the busheling price settled at down only $20/gt.
SMU Price Ranges: HR holds, galv slips amid competing market narratives
SMU’s sheet and plate prices see-sawed this week as hot-rolled (HR) coil prices held their ground while prices for galvanized product slipped.
Nucor carries $875/ton HR list price into week seven
Nucor is keeping hot-rolled (HR) coil prices unchanged again this week, according to its latest consumer spot price (CSP) notice issued on Monday, Oct. 6
Gap between US HR and landed import prices starts to narrow
The price gap between stateside hot band and landed offshore product narrowed this week. Still, with the 50% Section 232 tariff, most imports remain much more expensive than domestic material.
SMU Price Ranges: A newsy week sees modest price gains despite a quiet spot market
Market participants predicted that prices should be at or near a bottom. But while most seemed to agree on that point, many also said they saw little upside given a quiet spot market and ongoing concerns about demand.