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    Nucor lowers HRC CSP to $930/ton

    Written by Brett Linton


    Nucor lowered its weekly consumer spot price (CSP) for hot-rolled (HR) coil this week after holding prices steady for the past two weeks.

    As of Monday, April 14, the CSP is $930 per short ton (st), a $5/st decrease from the previous week. It was $935/st two weeks ago and $930/st one month ago.

    The HR coil base price for Nucor subsidiary California Steel Industries (CSI) also declined $5/st this week, now at $990/st. It was at $995/st for each of the three prior weeks and $990/st one month ago.

    The Charlotte, N.C-based steelmaker noted that lead times of 3-5 weeks continue to be offered, and customers should contact their district sales manager for availability. Published extras will apply to all spot transactions.

    SMU’s April 8 market check had HR coil spot prices ranging from $840-970/st, averaging $905/st. Our HR index was down $10/st from the prior week and has declined $45 across the last four weeks. We will update our indices tomorrow evening.

    SMU members can access our steel mill price announcement calendar to view historical flat-rolled and plate price announcements.

    Brett Linton

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