Steel Prices
No movement in Nucor’s weekly HR spot price
Written by Laura Miller
January 6, 2025
While steel news may be starting 2025 off with a bang, Nucor’s consumer spot price (CSP) for hot-rolled (HR) coil is not: The steelmaker is keeping its weekly published price unchanged for yet another week.
Nucor’s HR coil CSP has been at $750 per short ton (st) since mid-November. And it will remain there for this week, the Charlotte, N.C.-based company said on Monday morning.
The spot price for HR from Nucor’s joint-venture subsidiary California Steel Industries (CSI) is also unchanged at $810/st.
SMU’s average HR price has also seen little change since November, hovering around $675/st, according to our interactive pricing tool.
We will update our price indices this week and publish the prices in Tuesday’s newsletter.
Laura Miller
Read more from Laura MillerLatest in Steel Prices
Cliffs to open April spot order book at $900/ton HR
Cleveland-Cliffs said it will open its April order book for spot material at $900 per short ton (st). The Cleveland-based steelmaker said the increase was necessary because of “rapidly changing market conditions” in a letter to customers dated Friday, Feb. 21.
HR Futures: Meaningful rally grips market
Another eventful week in the physical and financial steel markets is coming to a close. Most importantly, this week provided complete clarity that, after months of waiting for a catalyst, we are now definitively in the early stages of a meaningful rally. The 3rd month future (currently the April contract) rose more than 8% for […]
Miller on Raw Materials: Pig iron tags move up, N. Europe scrap imports to US resume
SMU's Stephen Miller provides an update on the raw materials sector.
SSAB Americas hikes plate price again, this time by $100/ton
SSAB has increased plate prices by a total of $240/st in less than a month. That tally results from the current increase, an increase of $80/st in early February, and another of $60/st in late January, according to SMU’s price announcement calendar.
NLMK USA said to be seeking $900/st HR and $1,100/st for tandem products
NLMK USA has opened its April order book at new, higher base prices for steel sheet, according to market participants. The steelmaker is seeking at least $900 per short ton (st) for hot-rolled (HR) coil and at least $1,100/st for cold-rolled and coated products, they said.