Steel Mills

Nucor holds HR CSP at $670/t

July 8, 2024

Nucor has kept its consumer spot price (CSP) for hot-rolled (HR) coil flat this week.

The Charlotte, N.C.-based steelmaker said in a letter to customers on Monday that its CSP base price for the week will be $670 per short ton (st) for all of its sheet mills, except California Steel Industries (CSI).

This follows four consecutive weeks of price cuts. Note that CSI’s HR base price was also held steady at $750/st week over week.

SMU’s average spot HR price was $665/st as of last Tuesday.

Nucor’s letter also said lead times of 3-5 weeks will remain on offer but to contact district sales managers for availability. Additionally, the company’s published extras will apply to all spot transactions.

Ethan Bernard

Ethan Bernard is a reporter and editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA. in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.