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
SMU price ranges: HRC and plate steady as tandem products edge higher
Steel prices were stable to higher this week for the second consecutive week across the sheet and plate products tracked by SMU. Three of our price indices increased from the previous week, while two held firm.
HRC vs. scrap spread widens over $150/ton in March
The HRC vs. prime scrap spread increased again in March.
Nucor raises HRC list price to $930/ton
This marks the eighth week of increases
CRU: Ramaco chief takes bullish stance in bear market
While overall steel demand remains weak in the near term, there are reasons to expect metallurgical coal prices will increase over the course of the year, Ramaco says.
Pig iron market picks up speed after March scrap settle
“The next months are going to be good ones for pig iron producers," according to one source.