Steel Prices
Nucor holds HR base price at $730/st
Written by Laura Miller
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
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