Nucor CSP remains level at $900/ton

Nucor kept its weekly list price for hot-rolled (HR) coil flat this week following two consecutive increases.

This leaves the Charlotte, N.C.-based steelmaker’s consumer spot price (CSP) for HR coil at $900 per short ton (st) as of Monday.

The price at the company’s West Coast joint venture, California Steel Industries (CSI), will also remain the same at $960/st.

The steelmaker last held prices flat on June 2, when the CSP for HR stood at $870/st, before raising it over the last two weeks.

Nucor said lead times for all spot orders will be offered between 3-5 weeks.

Recall that Cleveland-Cliffs last week raised its monthly HR price by $40/st and is now seeking $950/st.

Note Cliffs publishes its listed HR prices on a monthly basis, whereas Nucor updates them on a weekly basis.

You can track mill price announcements on our website.

SMU’s average HR price was $880/st FOB mill, east of the Rockies, as of June 17. That was up $20/st week over week.

We will next update prices on Tuesday evening.

Ethan Bernard

Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA. in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.