Nucor raised its published weekly spot price for hot-rolled (HR) coil by $10 per short ton (st) on Monday.
The $10/st increase applies to all of the steelmaker’s sheet mills, including its West Coast joint-venture, California Steel Industries (CSI).
This puts Nucor’s consumer spot price (CSP) for HR coil at $900/st this week and CSI’s at $960/st.
Nucor had lowered the CSP throughout May, closing the month at $870/st. It started stepping up the price last week, increasing it June 9 by $20/st.
You can track mill price announcements on our website.
In last week’s market check, SMU assessed spot HR coil prices at $800-920/st, averaging $860/st FOB mill, east of the Rockies, according to our interactive pricing tool.
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