Steel Products

Nucor keeps HRC price unchanged

Written by David Schollaert

March 31, 2025

Nucor paused its weekly hot-rolled (HR) coil price this week, keeping it flat for the first time since Jan. 21. This comes after a nine-week rally that saw the company increase prices by double-digits for eight of those weeks.

The Charlotte, N.C.-based steelmaker told customers on Monday this week’s consumer spot price (CSP) for HR coil would be $935 per short ton (st). That price is good across Nucor mills, except for its joint-venture subsidiary California Steel Industries (CSI), whose HR price also remained flat week over week (w/w) at $995/st.

The letter to customers stated that lead times of three to five weeks will continue to be offered, but they should contact a Nucor sales representative to confirm.

You can track announced steel price increases on the steel mill price announcement calendar on our website.

In last week’s market check, SMU assessed HR coil prices at $890-1,000/st. Our interactive pricing tool shows the average price of $945/st, down $5/st from the previous week. We also calculated the average lead time for the HR sheet to be 5.6 weeks.

David Schollaert

David Schollaert is a senior analyst for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. Based in CRU’s Pittsburgh office, David can be reached at david@steelmarketupdate.com or 724-720-1008.

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