Nucor ups HR spot price to $1,025/ton

Nucor raised its consumer spot price (CSP) for hot-rolled (HR) coil to $1,025 per short ton (st), up $10/st from last week.

The Charlotte, N.C.-based steelmaker said in a letter to customers on Monday, March 23, the CSP for its West Coast joint venture, California Steel Industries (CSI), also received a $10/st bump week over week (w/w) to $1,075/st.

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

SMU’s HRC spot price averaged $1,015/st fob mill, east of the Rockies, as of Tuesday, March 17, up $10/st vs. the previous week’s assessment. We will update our prices on Tuesday evening, March 24.

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

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.

David Schollaert

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