Steel Prices
Nucor maintains $720/ton HR base price
Written by David Schollaert
September 16, 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 Monday that its HR coil base price will be $720 per short ton (st). That’s steady vs. last week when Nucor bumped tags up $10/st from the previous week.
The HR coil base price at Nucor’s majority-owned subsidiary CSI is also flat from last week at $780/st.
You can track mill price announcements here.
Nucor said it will continue to offer lead times of 3-5 weeks but noted that customers should contact their district sales manager for availability.
SMU’s Sept. 10 check of the market pegged HR coil spot prices in the range of $650-720/st, with an average of $685/st. The average fell $5/st from the previous week.
David Schollaert
Read more from David SchollaertLatest in Steel Prices
HR Futures: Market at crossroads after turbulent run
The market appears to be pausing after a turbulent run. But tension remains just beneath the surface. With net long positioning still elevated, sentiment-driven selling could quickly reignite volatility. Still, supply constraints and limited imports are laying the groundwork for a resilient physical market. This moment of calm feels more like a crossroads than a conclusion.
CRU: Iron ore falls to a 7-month low on escalating trade war
Iron ore prices were largely steady in March, hovering around $100–102 per dry metric ton (dmt) in a quiet market.
SMU price ranges: Sheet and plate prices retreat from recent highs
Steel prices slipped again this week, with all five of SMU’s sheet and plate indices trending lower for the second week in a row.
Miller on Raw Materials: Iron ore tariff woes
There are several other tariffs implications concerning the ferrous raw materials sector. In addition to tariffs on DRI/HBI imports, there will be also be a tariff on raw materials imported to domestically based metallics producers.
Nucor lowers HRC CSP to $930/ton
Nucor lowered its weekly consumer spot price (CSP) for hot-rolled (HR) coil this week after holding prices steady for the past two weeks.