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    Company Announcements

    Holiday Notice: Thanksgiving

    Written by Brett Linton


    Steel Market Update staff will be taking some time off for the Thanksgiving holiday.

    We will not publish our Executive issue on Thursday, Nov. 27 or Sunday, Nov. 30. Our offices will be closed on Thursday, Nov. 27 and Friday, Nov. 28.

    We will resume our regular publication schedule on Monday, Dec. 1. Our weekly pricing service will not be impacted.

    From all of us at SMU, we truly appreciate your business and wish you and yours all the best this holiday season.

    Brett Linton

    Read more from Brett Linton

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    Nucor increases spot HR to $1,240/ton

    Nucor said on Monday, Oct. 12, that its consumer spot price (CSP) for hot-rolled (HR) coil will be $1,240 per short ton (st) this week, a $10/st increase from a week earlier. The CSP for HR coil from California Steel Industries (CSI) on the West Coast will be $1,305/st, up $15/st from the prior week. Nucor is still offering lead times of three to five weeks, according to the letter to customers. You can track mill price announcements on our website. Steel Market Update (SMU) published a weekly price assessment on Tuesday, Oct. 6, showing HR coil prices averaging $1,270/st, up $10/st from the previous week. We will update our prices on the evening of Tuesday, Oct. 13.