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    CPA warns against using S232 steel, aluminum in Big Tech trade talks

    Written by Laura Miller


    The Coalition for a Prosperous America (CPA) is urging the Trump administration to keep Section 232 steel and aluminum measures focused on rebuilding domestic production capacity. The organization warned against using the metals sector as leverage in unrelated trade negotiations.

    CPA’s call followed comments by Commerce Secretary Howard Lutnick on Nov. 24. He suggested the US could strike a “cool steel and aluminum deal” with the European Union in exchange for concessions on Big Tech rules, according to a Bloomberg report.

    Laura Miller

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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.