Steel Prices
Nucor increases HR coil prices by $40/ton to $860/ton
Written by David Schollaert
February 24, 2025
Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil for a fourth consecutive week.
As of Monday, Feb. 24, the steelmaker’s list price for HR stood at $860 per short ton (st), up $40/st from last week.
The company has increased HR prices by $110/st over the past four weeks, according to SMU’s mill price announcement calendar.
Nucor also increased HR coil base prices from its West Coast subsidiary, California Steel Industries (CSI) by $40/st this week. CSI HR now lists for $920/st.
The Charlotte, N.C.-based steelmaker noted that lead times of three to five weeks continue to be offered.
SMU’s Feb. 18 check of the market had HR coil spot prices ranging from $780-850/st and averaging $815/st. That was up $55/st from the week prior. We will update our price assessments again on Tuesday evening.
David Schollaert
Read more from David SchollaertLatest in Steel Prices
HR Futures: Correction in market after big rally
Another eventful week in the physical and financial steel markets is coming to a close, but with a markedly different tone than the last update at the end of February.
US and offshore HRC prices tick lower
The threat of tariffs over the past two months has been a springboard for US prices. But the Section 232 reinstatement on March 13 narrowed the domestic premium over imports on a landed basis.
SMU price ranges: Mixed market as buyers await trade clarity
SMU's steel price indices moved in differing directions this week but remained largely stable as cautious buyers await clarity on pending steel tariffs and trade cases.
Nucor slows HRC price climb with $5/ton increase
After eight weeks of double-digit price increases on hot-rolled (HR) coil, Nucor slowed the price rise this week with an increase of $5 per short ton.
HR Futures: Market drifts lower on light volume
Over the past couple of weeks, Midwest HRC futures have been drifting lower on light volume. This begs the question if the rally has run out of steam, or is it catching its breath after ripping roughly $150 in less than two weeks? The April CME Midwest HRC future made an intraday high at $976 […]