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
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