Nucor increases HRC spot price by $5/ton

Nucor’s consumer spot price (CSP) for hot-rolled coil increased to $970 per short ton (st), up $5/st from last week.

The Charlotte, N.C.-based steelmaker said in a letter on Monday, Feb. 2, that the CSP for its West Coast joint venture, California Steel Industries (CSI), is also up $5/st w/w to $1,020/st.

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

SMU’s HRC spot price averaged $960/st fob mill, east of the Rockies, as of Tuesday, Jan. 27, up $15/st from the previous assessment.

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

We will update our prices on Tuesday evening, Feb. 3.

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.