Nucor raises HR spot price to $1,035/ton

Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil to $1,035 per short ton (st), a $10/st bump from last week.

The Charlotte, N.C.-based steelmaker said in a letter to customers on Monday, March 30, the CSP for its West Coast joint venture, California Steel Industries (CSI), also increased by $10/st week over week (w/w) to $1,085/st.

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

SMU’s HRC spot price averaged $1,020/st fob mill, east of the Rockies, as of Tuesday, March 24, up $5/st vs. the previous week. We will update our prices on Tuesday evening, March 31.

You can use the calendar on our website to track steel mill price announcements.

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.

Ethan Bernard

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