Nucor raises prices for hot-rolled coils

The American steel company Nucor on Monday raised prices for hot-rolled coils (HRC). The most noticeable rise in prices affected factories in California.

The spot price of Nucor on HRC increased by $10 per ton, to $1,145 per ton. This is above the level of California Steel Industries, where the company raised the price by $15 per ton, to $1,200 per ton. Order completion dates

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They still ranged from three to five weeks, although market participants reported longer periods. Deadlines for completing Argus orders

HRCs in the USA increased by 0.6 weeks and reached 8 weeks on July 21.

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Argus last estimated prices for HRC in the United States in the range of July 12-18 at $ 1,174 per ton, which is $ 9 higher than the previous week.