Steel Products
Nucor’s weekly HR spot price unchanged, again
Written by David Schollaert
January 21, 2025
Nucor’s consumer spot price (CSP) for hot-rolled (HR) coil remains unchanged for another week – now on an 11-week streak.
Nucor’s HR coil CSP, still at $750 per short ton (st), has been at that level since Nov. 12.
The spot price for HR from Nucor’s joint-venture subsidiary California Steel Industries (CSI) is also flat at $810/st, the Charlotte, N.C.-based company said on Tuesday morning.
SMU’s average HR price has also seen little change since November, presently $685/st, down $5/st week over week (w/w), according to our interactive pricing tool.
We will update our price indices this week and publish the prices in Tuesday’s newsletter.
David Schollaert
Read more from David SchollaertLatest in Steel Products
Galv buyers less optimistic about short-term market
“It was a little more of a seller's market as contractors seemed to be protecting themselves against a potential run up in prices," one buyer said.
SMU flat-rolled market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “latest survey results.” Past survey results are also available under that selection. If you need help accessing the survey results, or if […]
US, offshore CRC prices continue to fall
US cold-rolled (CR) coil prices were down again this week, slipping six weeks in a row and seeing the sharpest drop-off since last July.
Asian HR remains much cheaper than US, EU product
Domestic hot-rolled (HR) coil prices fell this week, now down seven of the last eight weeks.
April service center shipments and inventories report
Flat rolled = 57.6 shipping days of supply Plate = 54.5 shipping days of supply Flat rolled US service centers’ flat-rolled steel supply edged up in April, as shipments slowed. At the end of April, US service centers carried 57.6 shipping days of supply, according to adjusted SMU data. This is up from 56.4 shipping […]