Steel Prices

Nucor lifts list price for spot HRC by $20/ton
Written by Laura Miller
June 9, 2025
Nucor raised its published weekly spot price for hot-rolled (HR) coil by $20 per short ton (st) on Monday.
The $20/st increase applies to all of the steelmaker’s sheet mills, including its West Coast joint-venture, California Steel Industries (CSI).
This puts Nucor’s consumer spot price (CSP) for HR coil at $890/st this week and CSI’s at $950/st.
Nucor had lowered the CSP throughout May, closing the month at $870/st. The company maintained the price at that level last week – even on the heels of the Trump administration doubling Section 232 tariffs on imported steel to 50%.
You can track mill price announcements on our website here.
In last week’s market check, SMU assessed spot HR coil prices at $780-910/st, averaging $845/st FOB mill, east of the Rockies, according to our interactive pricing tool.

Laura Miller
Read more from Laura MillerLatest in Steel Prices

HR Futures: Oil, Mideast tensions fail to move steel
After a hot start to June, the CME ferrous derivatives complex has cooled down.

Hot rolled vs. galvanized price gap tightens further
As of June 24, the premium galvanized coil carries over hot-rolled coil is just $5 per short ton (st) above the lowest level recorded in almost two years.

SMU price ranges: Sheet slips despite tariff and Middle East shocks
Prices for steel sheet slipped this week despite Section 232 tariffs remaining at 50% and a US strike on nuclear facilities in Iran over the weekend.

Brazilian pig iron sellers OK lower prices
The resistance Brazilian pig iron sellers had shown to accepting lower prices has proved short-lived, sources told SMU.

Nucor CSP remains level at $900/ton
Nucor maintained its weekly list price for hot-rolled (HR) coil this week, following two consecutive increases.