Steel Prices
Nucor ups weekly HR price by $10/ton
Written by Brett Linton
September 23, 2024
Nucor increased its weekly consumer spot price (CSP) for hot-rolled (HR) coil by $10 per short ton (st) this week. In a letter to customers on Monday, Sept. 23, the steelmaker said its HR price will be $730/st.
The CSP had been $720/st for the last two weeks. A month ago, it was $710/st.
Nucor also adjusted the HR coil base price for subsidiary CSI, raising it by $10/st from last week to $790/st. One month ago it was $775/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. Published extras will apply to all spot transactions.
SMU’s Sept. 17 check of the market had HR coil spot prices ranging from $660-720/st, with an average of $690/st.
Brett Linton
Read more from Brett LintonLatest in Steel Prices
Galvanized price premium over hot-rolled coil slips
The premium galvanized coil prices carry over hot-rolled (HR) coil continues to shrink, according to SMU price indices.
US CR prices push ahead of imports
The price gap between US cold-rolled (CR) coil and offshore product widened this week as stateside tags inched up. The premium has been steadily increasing after falling to a 10-month low in late July.
RMU: Global shifts pressure alternative iron prices
SMU is pleased to share the latest news from the global pig iron markets from our sister publication, Recycled Metals Update.
US HR prices remain marginally higher than imports
US hot-rolled (HR) coil prices edged up this past week and remain modestly more expensive than offshore material on a landed basis. Since reaching parity with import prices in late August, domestic prices have been slowly pulling ahead of imports. The move has been driven largely by declines overseas.