Nucor increases HR spot price by $5/ton

Nucor increased its weekly hot-rolled coil spot list price by $5 per short ton (st) on Monday, Dec. 1. This was its sixth increase in as many weeks, moving up $45/st over that span.

The Charlotte, N.C.-based steelmaker announced its HR consumer spot price (CSP) is $920/st this week, up from $915/st last week.

Nucor’s West Coast joint venture, California Steel Industries (CSI), also increased its HR price to $970/st. That’s up $5/st week on week (w/w).

You can track mill pricing announcements on our website calendar.

Lead times for all spot orders remain at 3-5 weeks, Nucor said.

SMU’s HRC price averaged $870/st fob mill, east of the Rockies, as of Tuesday, Nov. 25. That’s up $10/st w/w.

You can find weekly price assessment information each 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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