Steel Prices

Nucor maintains $710/ton HR base price

Written by David Schollaert

September 3, 2024

Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil is unchanged from last week.

The steelmaker said in a letter to customers on Tuesday that its HR coil base price will be $710 per short ton (st). That’s steady from the last week of August and up $15/st from two weeks ago.

The HR coil base price for Nucor subsidiary CSI is also flat from last week at $755/st.

Lead times of 3-5 weeks will continue to be offered, but Nucor noted that customers should contact their district sales manager for availability.

SMU’s Aug. 27 check of the market pegged current HR coil spot prices in the range of $670-730/st, with an average of $700/st. That marked the fifth consecutive week of HR prices ticking higher.

David Schollaert

David Schollaert is a senior analyst for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. Based in CRU’s Pittsburgh office, David can be reached at david@steelmarketupdate.com or 724-720-1008.

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