Nucor lifts HR spot price by $10/ton

Nucor has raised its weekly spot list price on hot-rolled coil by $10 per short ton (st) after holding it steady last week.

The Charlotte, N.C.-based steelmaker said on Monday its HR consumer spot price (CSP) would be $910/st, up from $900/st a week earlier.

The price at the company’s West Coast joint venture, California Steel Industries (CSI), was also increased by $10/st week over week (w/w) to $970/st.

Last week’s pricing pause came after two consecutive weekly increases. A month ago, on May 27, the price stood at $870/st.

You can track mill pricing announcements using the calendar on our website.

Lead times for all spot orders will continue to be offered between 3-5 weeks, Nucor said.

SMU’s HRC price averaged $875/st FOB mill, east of the Rockies, as of Tuesday, June 24. That’s down $5 w/w but up $35 from a month earlier.

We will update our 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.