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
SMU price ranges: Market in holding pattern as clarity sought on Trump tariffs
Sheet and plate prices remained in a holding pattern this week as the market awaited more specifics on potential Trump administration tariffs.
HR vs. galvanized price spread shrinks to 18-month low
The price premium of galvanized coil over hot-rolled (HR) coil has continued to narrow, a downward trend seen for the past seven months. As of this week, the spread between these two products has reached an 18-month low.
HRC vs. prime scrap spread narrows again in January
The price spread between hot-rolled coil (HRC) and prime scrap continued to narrow in January, according to SMU’s most recent pricing data. While SMU’s average HRC price edged down week over week (w/w), it rose compared to a month ago. The January price for busheling also increased from December. Our average HRC price as of […]
SMU price ranges: Slow start to the year
Steel prices ticked lower this week for four of the five products SMU tracks, according to our latest canvass of the sheet and plate markets. Following last week’s bump, our hot rolled, cold rolled, galvanized, and plate indices all edged lower this week by $5-15 per short ton (st) on average. Galvalume was the only […]
Galvanized buyers see glimmers of optimism amidst the chaos
Reflecting on 2024 and looking ahead to the new year, galvanized steel buyers on this month’s HARDI call expressed a mix of cautious optimism with lingering uncertainties.