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 keeping it unchanged since Aug. 25.

The Charlotte, N.C.-based steelmaker said on Monday its HR consumer spot price (CSP) would be $885/st, up from $875/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 $945/st.

The move follows a $50/st price hike from NLMK USA for hot-rolled (HR) coil and cold-rolled (CR) coil earlier on Friday.

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 $805/st FOB mill, east of the Rockies, as of Tuesday, Oct. 21. That’s flat $5/st w/w and up ~$20 from a month earlier.

We will update our prices on Tuesday evening.

David Schollaert

David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

David Schollaert

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