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
Read more from David SchollaertLatest in Steel Prices

SMU price ranges: Tags mixed as market seeks tariff clarity ahead of ‘Liberation Day’
Sheet and plate prices were mixed on Tuesday as the market took a wait-and-see approach to the Trump administration’s “Liberation Day” tariffs.

US pig iron tags hold despite potential scrap price drop
The price of pig iron for the US market remains firm despite a potential drop in domestic ferrous scrap prices going into April.

HR Futures: Correction in market after big rally
Another eventful week in the physical and financial steel markets is coming to a close, but with a markedly different tone than the last update at the end of February.

US and offshore HRC prices tick lower
The threat of tariffs over the past two months has been a springboard for US prices. But the Section 232 reinstatement on March 13 narrowed the domestic premium over imports on a landed basis.

SMU price ranges: Mixed market as buyers await trade clarity
SMU's steel price indices moved in differing directions this week but remained largely stable as cautious buyers await clarity on pending steel tariffs and trade cases.