Steel Mills
Nucor drops HRC price by $35/ton
Written by Laura Miller
June 24, 2024
Nucor’s weekly hot-rolled (HR) coil price registered a notable decline this week.
The steelmaker said in a letter to customers on Monday morning that its consumer spot price (CSP) for HR coil will be $680 per short ton (st) for the week of June 24. This marks a $35/st decline from last week’s CSP of $715/st.
The CSP has fallen by $100/st, or 13%, from $780/st at the beginning of June.
This week’s CSP from Nucor is in line with SMU’s June 18 market check, which assessed current spot HR coil prices at $630-740/st, with an average of $685/st.
Additionally, Nucor lowered the CSP at subsidiary California Steel Industries (CSI) by $15/st from last week to $760/st. CSI’s HR price is down from $840/st at the start of the month.
To keep track of the latest mill price notices, visit SMU’s price announcement calendar.
Laura Miller
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