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
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