Nucor holds HR spot price at $950/ton

Nucor kept its consumer spot price (CSP) for hot-rolled coil unchanged at $950 per short ton (st) for a third week.

The Charlotte, N.C.-based steelmaker said in a letter on Monday, Jan. 5, that the CSP for its West Coast joint venture, California Steel Industries (CSI), would also remain the same vs. last week at $1,000/st.

Lead times of 3 to 5 weeks will continue to be offered, the letter said.

To track steel mill price announcements, you can use the calendar on our website here.

SMU’s HRC price averaged $910/st fob mill, east of the Rockies, unchanged since mid-December.

We will update our prices on Tuesday evening, Jan. 6.

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.