Steel Products Prices North America
Nucor inches HR price up, aims for $695/ton
Written by David Schollaert
August 19, 2024
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $695 per short ton (st), up $5/st from last week.
This marks Nucor’s smallest price change since the Charlotte, N.C.-based steelmaker began publishing its weekly spot price on April 8.
HR prices for CSI, the company’s sheet subsidiary in California, also rose. Nucor aims to collect $760/st for HR from CSI, also up $5/st from last week. Note that sheet prices on the West Coast are typically higher than those east of the Rocky Mountains.
Lead times of 3-5 weeks will continue to be offered, but Nucor noted for customers to contact their district sales manager for availability.
SMU’s Aug. 13 check of the market put current HR coil spot prices in the range of $630-700/st, with an average of $665/st. That marked the third straight week of HR prices ticking higher.
David Schollaert
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