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    Holiday notice: Independence Day

    Written by Brett Linton


    Steel Market Update’s offices will be closed on Friday, July 3, in observance of Independence Day.

    We will not publish our Executive issue on Sunday, July 5. We will resume our regular publication schedule on Monday, July 6. Our weekly pricing service will not be affected.

    As we observe the holiday, we wish you and your family a safe and enjoyable Independence Day.

    Brett Linton

    Read more from Brett Linton

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    Nucor increases spot HR to $1,240/ton

    Nucor said on Monday, Oct. 12, that its consumer spot price (CSP) for hot-rolled (HR) coil will be $1,240 per short ton (st) this week, a $10/st increase from a week earlier. The CSP for HR coil from California Steel Industries (CSI) on the West Coast will be $1,305/st, up $15/st from the prior week. Nucor is still offering lead times of three to five weeks, according to the letter to customers. You can track mill price announcements on our website. Steel Market Update (SMU) published a weekly price assessment on Tuesday, Oct. 6, showing HR coil prices averaging $1,270/st, up $10/st from the previous week. We will update our prices on the evening of Tuesday, Oct. 13.