Steel Prices

Nucor's HR spot price unchanged for 5th week

December 9, 2024

Nucor’s weekly spot price for hot-rolled (HR) coil will remain at $750 per short ton (st) for a fifth week.

The steelmaker communicates its weekly consumer spot price (CSP) for HR coil in a letter to customers every Monday. This week’s letter was virtually unchanged from last week, save for the date.

At October’s start, the HR CSP was $730/st. It fluctuated slightly throughout the month and started November at $740/st. It bumped up to $750/st on Nov. 12 and has not changed since.

Nucor’s published asking price for HR remains above average transaction prices in the market. Buyers reported spot prices of $640-720/st, with an average of $680/st, in SMU’s market check on Tuesday, Dec. 3.

You can keep track of steel price moves using the steel mill price increase calendar on our website.

CSI CSP

The spot price for HR coil from California Steel Industries (CSI) is also steady this week at $810/st.

The higher price for material from Nucor’s joint-venture subsidiary in Fontana, Calif., reflects the higher tags typical in the West Coast market.

The CSP for CSI started October at $790/st, November at $800/st, and December at $810/st.

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.