US steelmaker Nucor raised its hot-rolled coil (HRC) prices on Monday, with California prices facing a higher increase compared to other mills.
Nucor's HRC consumer spot prices increased by $10/short ton (st) to $1,145/st, outside of California Steel Industries' prices, which the company raised by $15/st to $1,200/st.
Lead times were steady at three to five weeks, although market participants have told Argus of longer overall lead times.
Argus' US HRC lead times rose by 0.6 week to 8 weeks on 21 July.
Argus most recently assessed US HRC ex-works prices at $1,174/st during the week of 12-18 July, up by $9/st from the previous week.
