Steel Products Prices North America
Nucor raises HR spot price to $775/ton
Written by David Schollaert
February 3, 2025
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $775 per short ton (st) on Monday, Feb. 3.
The $15/st week-on-week (w/w) rise marks the first back-to-back increases in the steelmaker’s weekly CSP since last August, according to SMU’s mill price announcement calendar.
Nucor’s joint-venture subsidiary California Steel Industries (CSI) is also up $15/st on HR coil to $835/st, said a letter to customers.
Even with the repeated increases, lead times of 3-5 weeks continue to be offered, the Charlotte, N.C.-based company said.
SMU’s average HR price has also seen little change since November and is presently at $700/st, up $15/st w/w, according to our interactive pricing tool.
We will update our indices this week and publish the prices in Tuesday’s newsletter.
David Schollaert
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