Steel Prices
Nucor raises hot rolled spot price to $750/ton
Written by Brett Linton
November 12, 2024
On Tuesday, Nov. 12, Nucor increased its weekly consumer spot price (CSP) for hot-rolled (HR) coil this week to $750 per short ton (st).
The CSP had been $740/st for the two previous weeks. A month ago, it was $720/st.
The HR coil base price for Nucor subsidiary CSI also increased by $10/st to $810/st this week. It was $800/st for the two weeks before that and $780/st one month ago.
The Charlotte, N.C-based steelmaker noted that lead times of 3-5 weeks continue to be offered, and customers should contact their district sales manager for availability. Published extras will apply to all spot transactions.
SMU’s Nov. 5 check of the market had HR coil spot prices ranging from $640-720/st, averaging $680/st, down $5/st from the week prior. We will update our price indices this evening.
Brett Linton
Read more from Brett LintonLatest in Steel Prices
US buyers drive down pig iron prices amid pressure
The pig iron markets have retreated over the last two months amidst a concerted effort by US-based buyers to drive down prices to more closely follow the lower domestic scrap prices.
Domestic HR tags tick up, import prices fall
US hot-rolled (HR) coil prices edged up this week, while tags in offshore markets moved lower. As a result, domestic tags pulled ahead of imports on a landed basis. Since becoming level with import prices in late August, stateside tags had been mostly stable, though they slowly drifted closer to parity over the past month. […]
SMU price ranges: Post-election prices look a lot like pre-election ones
Prices for sheet and plate products were mixed this week. While market participants have noted a post-election uptick in activity, most said that it was (so far) nothing to write home about.
US CR, import prices trend higher
The price spread between US-produced cold-rolled (CR) coil and offshore products remained largely flat in the week ended Nov. 8, on a landed basis.