Nucor’s Consumer Spot Price (CSP) -the posted price it charges for hot-rolled coils across all of its mills- was reported steady for a second week, following a period of three previous weekly declines.
This week’s CSP was reported steady at $875/nt ($965/mt), or $43.75/cwt., following a previous $10/nt increase from from $865/nt ($954/mt) or $43.25/cwt. Nucor’s California Steel Industries (SCI) base price remained steady at $935/nt ($1,031/mt), or 46.75/cwt., following its previous $10/nt increase from $925//nt ($1,020/mt), or $46.25/cwt.
In this past week’s spot market trade, the SteelOrbis spot average price for hot-rolled coils was assessed another $15/nt less at $805/nt ($887/mt) or $40.25/cwt., off from on average $820/nt ($904/mt), or $41.00/cwt., seven days earlier.
SteelOrbis data indicates that spot market HRC pricing declined to the lowest levels since spot prices moved sharply higher in the second and third week of February in reaction to strong scrap pricing and the announcements of the start of renewed Section 232 steel and aluminum import tariffs on Canada and Mexico on March 4.
