Steel Prices

Nucor holds HR base price at $730/st

September 30, 2024

Nucor is holding its hot-rolled (HR) coil consumer spot price (CSP) at $730 per short ton (st) this week.

The sideways move follows a $10/st increase last week. This week’s CSP is $20/st higher than a month ago.

A CSP of $730/st puts Nucor’s HR price at the top of SMU’s range. Our Sept. 24 market check pegged HR coil prices at $660-730/st, with an average of $695/st.

In a letter to customers on Monday, the steelmaker noted that the HR price at its CSI joint venture subsidiary in California will be $790/st. That’s also flat from last week.

Nucor said it will offer lead times of 3-5 weeks, but customers should contact their district sales manager for availability.

Last week’s SMU survey showed lead times for HR coil currently range from 3-6 weeks, with an average of 4.9 weeks.

You can track this and other moves on SMU’s steel mill price announcement calendar on our website.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held a variety of positions within the steel industry since 2007, including reporting and editing for Steel Business Briefing/Platts, the Association for Iron and Steel Technology, and Kallanish Commodities, as well as marketing for what was then known as ThyssenKrupp Steel USA (now AM/NS Calvert). After a five-year hiatus working across other industries, she returned to steel in 2021 and has covered the flat rolled, tubular, and trade areas of the industry. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania. She can be reached at laura@steelmarketupdate.com or 724-759-7869.