Prices
Nucor raises HR spot price to $760/ton
Written by David Schollaert
January 27, 2025
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $760 per short ton (st) on Monday, Jan. 21.
The $10/st week-on-week (w/w) rise marks the first increase in the CSP since Nov. 12. According to SMU’s mill price announcement calendar, the Charlotte, N.C.-based steelmaker held the weekly price at $750/st for 11 straight weeks.
Nucor’s joint-venture subsidiary California Steel Industries (CSI) is also up $10/st on HR coil to $820/st, said a letter to customers, adding that lead times of 3-5 weeks continue to be offered.
SMU’s average HR price has also seen little change since November and is presently at $685/st, flat 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
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