In a November 27 letter to customers, Nucor Sheet Mill Group announced they will be raising HRC spot market prices immediately for all new orders. Per the announcement, their new, minimum HRC base price has been set at $55 cwt. ($1,213/mt or $1,100/nt) FOB mill.
Prior to the announcement, US HRC prices were trending at approximately $47-$48 cwt. ($1,036-$1,058/mt or $940-$980/nt), FOB mill. As of the time of publication, other mills have yet to announce.