Nucor holds spot HR price at $1,130/ton

Nucor announced on Monday, June 29, that its consumer spot price (CSP) for hot-rolled (HR) coil will remain unchanged at $1,130 per short ton (st) for the week.

This is the first time the Charlotte, N.C.-based steelmaker has maintained its CSP flat since Jan. 12.

The CSP for HR from CSI on the West Coast was also maintained week over week (w/w) at $1,180/st.

Nucor had increased its HR spot price each week since the week of Jan. 27, hiking prices by $380/st since then.

Lead times of three to five weeks will continue to be offered, the company said in a letter to customers.

You can track mill price announcements here.

SMU’s weekly price assessment noted HR coil prices at $1,145/st, on average, as of Tuesday, June 23

We will update our prices on the evening of Tuesday, June 30.

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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