Tag: Nucor

Nucor said on Monday, Aug. 17, that its consumer spot price (CSP) for hot-rolled (HR) coil will be $1,170 per short ton (st) for the week, a $10/st increase from a week earlier.

S232 tariffs of 50% provide a signal to domestic producers. Domestic prices have risen by approximately 50%. Similarly, the tariffs have simply moved the competitive threshold for imports 50% higher.

The investment in St. Joe, Ind., will add capabilities to produce steel grating products. The Charlotte, N.C.-based steel company expects the investment to create 20 new full-time jobs. Those are in addition to the over 300 workers currently employed there.

Nucor announced on Monday, Aug. 10, revised galvanized and galvannealed coating extras higher by an average of 11%.

Nucor upped its consumer spot price (CSP) for hot-rolled coil by $5/st to $1,160/st for the week of Aug. 10.

Nucor increased its consumer spot price for hot-rolled coil to $1,155 per short ton for the week of Aug. 3, up $10/st from last week.

Speaking on the company’s second-quarter earnings call, executives described a sheet market defined by broad-based demand, disciplined pricing behavior, and a structural shift in customer buying patterns.

Nucor has completed its steel utility structure manufacturing facility and its transmission tower expansion project in West Hazleton, Pa.  

Nucor's earnings nearly doubled in the second quarter on the back of higher prices and shipments in its steel mills segment.

Nucor said its hot-rolled coil consumer spot price will be $1,145 per short ton for the week of July 27, up $10/st.

Spot market absorbs price hikes amidst booming plate demand 

Nucor said its consumer spot price for hot-rolled coil will be $1,135 per short ton for the week of July 20.

Some domestic plate market sources expect spot price rises through the end of the year due to prolonged supply constraints.

Nucor plans to increase plate prices by $60 per short ton (st) with the opening of its September order book. It will also maintain its previously announced fuel surcharge of $10/st effective on all shipments beginning August 1

Nucor said its consumer spot price (CSP) for hot-rolled coil will be $1,135 per short ton (st) for the week of July 13, up $5/st from last week.

Nucor said on Monday, July 6, that its hot-rolled coil consumer spot price will remain unchanged at $1,130 per short ton for the week.

We’ve gotten so used to the slow, steady increases by now that $5/ton feels like the new flat. And flat, after so many consecutive weeks of gains, feels like a decrease.

Nucor held its consumer spot price (CSP) for hot-rolled (HR) coil at $1,130 per short ton (st) for the week of June 29. The sideways move is the first of its kind since Jan. 21.

Participants in the domestic plate market anticipate incoming price notifications before the end of the month, SMU learned in recent conversations. 

Nucor announced on Monday, June 22, that its consumer spot price (CSP) for hot-rolled coil will be $1,130 per short ton for the week, up $5/st from last week. 

Nucor expects higher earnings in the second quarter, both sequentially and year over year, and anticipates increased profits sequentially across all its operating segments. The steel mills segment is expected to see the biggest boost.

Nucor Plate Group will maintain its previously announced fuel surcharge of $10 per short ton for next month, effective on all shipments beginning July 1.

Nucor announced on Monday, June 15, that its consumer spot price (CSP) for hot-rolled coil will be $1,125 per short ton (st) for the week, up $10/st from last week.

Nucor announced on Monday, June 8, that its consumer spot price (CSP) for hot-rolled coil will be $1,115 per short ton (st) for the week, up $10/st from last week.

Nucor on Friday announced plans to increase plate prices by $60 per short ton (st).

Nucor announced on Monday, June 1, that its consumer spot price (CSP) for hot-rolled coil will be $1,105 per short ton (st) for the week, up $10/st from last week.

Steel imports could become even more prohibitive, facing even higher tariffs, pending the outcome of the Trump administration’s Section 301 investigation.

Nucor announced on Tuesday, May 26, that its consumer spot price (CSP) for hot-rolled coil will be $1,095 per short ton for the week, up $5/st from last week.

Nucor Plate Group will maintain its previously announced fuel surcharge of $10 per short ton for next month, effective on all shipments beginning June 1.

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