The American steel producer Nucor has once again raised its spot price (CSP) for hot-rolled coils by $10 per short tonne compared with the previous week. This is stated in the company’s letter to customers dated 2 November. The new bid price stands at $1,280 per short tonne. At the same time, the CSP for the California Steel Industries (CSI) joint venture also rose by $10 per short tonne compared with the previous week, to $1,350/t. According to the company’s statement, lead times for spot orders remain unchanged at three to five weeks. The new announcement marked Nucor’s fifteenth consecutive weekly CSP increase. According to Kallanish , as of 30 October, domestic HRC prices in the US stood at $1,300–1,340 per short tonne.
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