Nucor Corporation is introducing a weekly Nucor Consumer Spot Price (CSP) to provide its customers with consistent and transparent communications regarding the company’s hot-rolled coil spot pricing. Nucor issued the first CSP on April 8, 2024.
“We are constantly looking for better ways to serve our customers, not only with quality products and services, but also with timely information that will help them make informed decisions for their businesses. The CSP will give our customers relevant and current information about Nucor’s sheet business in a rapidly changing marketplace, which we believe will reduce their reliance on speculation and reduce risk,” said Rex Query, executive vice president of sheet products for Nucor Corporation.
The CSP will be released every Monday, communicating Nucor’s hot- rolled spot price for the week to Nucor customers. It will remain in effect until the next weekly publication. Nucor CSP pricing will be derived from both quantitative and qualitative data. Lead times for all spot orders will be offered between three and five weeks to assist customers with their planning.