Steel Prices

Nucor increases sheet prices, seeks $1,100/ton HRC

November 27, 2023

Nucor aims to increase base prices on all new sheet orders, effective immediately.

The Charlotte, N.C.-based steelmaker is seeking at least $1,100 per ton ($55 per cwt) for hot-rolled coil (HRC), according to a Monday letter to customers.

That is up $150 per ton from the $950 per ton the company announced on Nov. 8, per SMU’s price increase calculator.

Nucor said it was also targeting at least $1,300 per ton for heavy-gauge hot-rolled products (>0.75 inches thick). That’s up $150 per ton from its previous target price.

Michael Cowden

Michael Cowden is editor-in-chief for Steel Market Update. Cowden has covered the steel industry since 2007. He specializes in flat-rolled steel but has also reported on steel long products, steel pipe and tube, and aluminum. Before joining SMU, Cowden held reporting jobs at Fastmarkets AMM in Chicago, the Associated Press in Pittsburgh, and the Cambodia Daily in Phnom Penh. He has also worked as a copy editor and in marketing at the University of Chicago Press. Cowden has a BA in English from the University of Chicago and an MSJ journalism from Northwestern University’s Medill School of Journalism. Contact him at michael@steelmarketupdate.com or 724-759-7872.