Nucor drops HR spot price to $865/ton

Nucor has lowered its hot-rolled (HR) spot price by another $10 per short ton (st) this week.

The Charlotte, N.C.-based steelmaker told customers on Monday that it was setting its HR consumer spot price (CSP) at $865/st, down from $875/st a week earlier.

HR from California Steel Industries (CSI), the company’s West Coast subsidiary, is also down $10 to $925/st week over week.

On July 21, Nucor’s CSP stood at $900/st, while its CSI price was $960/st.

Nucor’s offered lead times remain between three and five weeks.

SMU’s HR price stood at an average of $820/st as of Tuesday, Aug. 12, down $10 from the previous week and off $35 from a month earlier. We will update our prices on Tuesday evening.

To track pricing moves for flat-rolled sheet and plate, SMU members should check out our steel mill price announcement calendar.

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.

Ethan Bernard

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