Nucor hikes spot HR price to $1,090/ton

Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil to $1,090 per short ton (st), up $10/st from last week.

The Charlotte, N.C.-based steelmaker said in a letter to customers on Monday, May 18, the CSP for its West Coast joint venture, California Steel Industries (CSI), will also be up by $10/st week over week to $1,140/st.

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

SMU’s HRC spot price averaged $1,080/st fob mill, east of the Rockies, as of Tuesday, May 12. That’s a $5/st increase from the previous week.

You can check on our website to track steel mill price announcements.

SMU will update its prices on Tuesday evening.

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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