Nucor raises HR spot price to $1,070/ton

Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $1,070 per short ton (st), a $5/st increase from last week.

The Charlotte, N.C.-based steelmaker said in a letter to customers on Monday, May 4, the CSP for its West Coast joint venture, California Steel Industries (CSI), also increased by $5/st week over week (w/w) to $1,120/st.

Nucor has now raised its CSP by $110/st since Jan. 20.

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

SMU’s HRC spot price averaged $1,070/st fob mill, east of the Rockies, as of Tuesday, April 28, up $10/st vs. the previous week.

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

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.