Nucor hikes spot HR price by $10/ton

Nucor raised its consumer spot price (CSP) for hot-rolled (HR) coil by $10 per short ton (st) to $1,080/st.

The Charlotte, N.C.-based steelmaker said in a letter to customers on Monday, May 11, the CSP for its West Coast joint venture, California Steel Industries (CSI), was $1,130/st, also up $10/st from the prior week.

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

SMU’s HRC spot price averaged $1,075/st fob mill, east of the Rockies, as of Tuesday, May 5, up $5/st from the previous week.

You can check 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.