Steel Prices

Nucor keeps its HR price unchanged at $780/ton

Written by Laura Miller

June 3, 2024

Nucor said on Monday that it would keep its weekly hot-rolled (HR) coil price flat this week.

In a letter to customers, the company said its consumer spot price (CSP) for the week of June 3 will remain $780 per short ton (st).

The sideways move comes after two consecutive weeks of a $10/st increases the HR coil CSP from the $760/st price point Nucor set at the start of May.

The steelmaker noted that the HR base price at its California Steel Industries (CSI) subsidiary will remain at $840/st. The higher price reflects the difference between the West Coast market and the rest of the country.

To keep track of the latest mill price notices, visit SMU’s price announcement calendar.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held a variety of positions within the steel industry since 2007, including reporting and editing for Steel Business Briefing/Platts, the Association for Iron and Steel Technology, and Kallanish Commodities, as well as marketing for what was then known as ThyssenKrupp Steel USA (now AM/NS Calvert). After a five-year hiatus working across other industries, she returned to steel in 2021 and has covered the flat rolled, tubular, and trade areas of the industry. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania. She can be reached at laura@steelmarketupdate.com or 724-759-7869.

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