Steelmaker Nucor’s Consumer Spot Price (CSP) -the price it charges for hot-rolled coils across all of its mills- was reported higher today following steady pricing the week of August 12. the steelmaker said today in a letter to its customers.
This week’s CSP is offered at $695/nt ($766/mt) or $34.75/cwt. FOB mill, up from $690/nt ($761/mt) or $34.50/cwt. the week of August 12.
Since the first series of price increases was announced on July 29, Nucor’s CSP has increased more than 6.9 percent. Prior to the recent price increases, Nucor’s CSP price had lost more than 22 percent of its value since the CSP was released in early April at $830/nt ($915/mt) or $41.50/cwt.