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    Company Announcements

    Holiday Notice: Merry Christmas and Happy New Year!

    Written by Brett Linton


    Steel Market Update staff will be taking some time off for the Christmas and New Year holidays.

    We will not publish our Executive issues from Thursday, Dec. 25, through Sunday, Jan. 4. Our offices will be closed from the afternoon of Wednesday, Dec. 24, through Friday, Jan. 2.

    We will resume our regular publication schedule on Monday, Jan. 5. Our weekly pricing service will resume Tuesday, Jan. 6.

    If you are currently on a trial, we will automatically extend it by 10 days while we are away for the holidays.

    While we are away, we will make every effort to report any breaking news in a timely manner.

    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.