Steel Mills

Nucor keeps HR base price steady to end November

Written by Laura Miller

November 25, 2024

Nucor is holding its hot-rolled (HR) coil base price flat for a third week.

The steelmaker told customers on Monday, Nov. 25, that its consumer spot price (CSP) for HR coil will be $750 per short ton (st) this week.

Additionally, the CSP for HR coil from California Steel Industries (CSI), Nucor’s West Coast joint-venture subsidiary, is unchanged this week at $810/st.

Having started November asking $740/st, Nucor held the weekly spot price basically flat for all of November.

The HR CSP has remained above the $700/st mark since the last week of August, according to SMU’s mill price announcement calendar.

Nucor’s Monday pricing letter noted the company’s mills would continue to offer 3-5-week lead times, but customers should reach out regarding availability.

In our Tuesday, Nov. 19, check of the market, SMU assessed current HR coil prices at $620-740/st, with an average of $680/st, and average HR lead times to be 4.6 weeks.  

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.

Read more from Laura Miller

Latest in Steel Mills

SDI bullish on Sinton as capacity utilization passes 80% threshold

Steel Dynamics Inc. (SDI) remains upbeat about progress at its Sinton, Texas, sheet mill and expects it to be profitable in the upcoming months. “The Sinton team gained considerable momentum in the last two months—running above 80% capacity—and they are doing even better in January, with expectations to reach profitability in the coming months,” SDI Chairman and CEO Mark Millett said in a Q4’24 earnings call on Thursday.