Steel Prices
Nucor lifts HR coil to $820/ton
Written by Brett Linton
February 17, 2025
Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil for a fourth consecutive week.
As of Monday, Feb. 17, the company’s CSP is $820 per short ton (st), a $30/st increase from the previous week. It was $775/st two weeks ago and $750/st in mid-January.
The HR coil base price for Nucor subsidiary California Steel Industries increased by $30/st this week and is now at $880/st. It was $835/st in early February and $810/st one month ago.
The Charlotte, N.C.-based steelmaker noted that lead times of 3-5 weeks continue to be offered, and customers should contact their district sales manager for availability. Published extras will apply to all spot transactions.
SMU’s Feb. 11 check of the market had HR coil spot prices ranging from $720-800/st, averaging $760/st, up $35/st from the week prior. We will update our indices tomorrow evening.
Brett Linton
Read more from Brett LintonLatest in Steel Prices
Pig iron market outlook cloudy
The pig iron market in Brazil is currently in flux and there have been few, if any, confirmed cargoes transacted for the US.
USS increases Galvalume coating extras
U.S. Steel has revised its Galvalume coating extras higher effective Nov. 2, 2025. The steelmaker released new extras to customers on Friday, Sept. 12.
CRU Outlook: Global steel sheet prices set to rise, but the near-term uptrend will be limited
Sheet prices are expected to increase in the coming weeks in most markets. However, rising domestic capacity in the US, subdued demand in Europe, and high inventory levels in China and India will limit price near-term uptrend.
Some Asian HR prices theoretically lower than US HR tags despite 50% S232 tariff
Domestic hot-rolled (HR) coil prices ticked down this week after holding flat since mid-August. Offshore prices largely all moved higher week over week (w/w), widening the margin between stateside and foreign product.
Hot-rolled market participants say ‘doldrums’ to roll on through year-end
Participants in the hot-rolled steel sheet market expect the market to remain subdued through the end of the year.