US steelmaker Nucor today raised its published hot-rolled coil (HRC) spot price by $20/short ton (st).
The company set its weekly consumer spot price (CSP) at $890/st, except in California where it raised its CSP by $20/st to $950/st.
The decision marks the company's first CSP increase outside of California since 24 March and comes after the US on 4 June doubled section 232 tariffs on imported steel to 50pc.
Lead times were steady at 3-5 weeks, Nucor said.
The Argus US HRC price fell on 3 June by $9.75/st to $871.50/st on an ex-works east-of-the-Rockies basis.
