Nucor keeps HRC spot price at $950/ton

Nucor’s consumer spot price (CSP) for hot-rolled coil remains unchanged at $950 per short ton (st) for the fourth consecutive week.

The Charlotte, N.C.-based steelmaker said in a letter on Monday, Jan. 12, that the CSP for its West Coast joint venture, California Steel Industries (CSI), is also staying the same at $1,000/st.

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

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

SMU’s HRC spot price averaged $930/st fob mill, east of the Rockies, as of Tuesday, Jan. 6, up $20/st from the previous assessment.

We will update our prices on Tuesday evening, Jan. 13.

Ethan Bernard

Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.