Steel Mills

Nucor lifts weekly HR spot price to $915/ton

Written by Laura Miller

March 10, 2025

Nucor is raising its list price for hot-rolled (HR) coil by $15 per short ton to $915/st.

The increase marks the seventh week of seeing higher consumer spot prices (CSP) for HR sheet from the Charlotte, N.C.-based steelmaker.

Nucor held its HR price from November to January at $750/st. It began raising the price the last week of January and has upped it by $15-40/st every week since.

A letter to customers on Monday said the company continues to offer lead times of 3-5 weeks for spot orders but to inquire with a sales representative.

The letter also specified this week’s price for HR coil from West Coast subsidiary California Steel Industries (CSI) will be $975/st. That’s also an increase of $15/st from last week.

In our check of the market on Tuesday, March 4, SMU assessed current HR sheet prices to be $850-1,000/st, with an average of $925/st. Our price momentum indicator continues pointing higher, meaning we expect prices to continue rising over the next 30 days.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held a variety of positions within the steel industry since 2007, including reporting and editing for Steel Business Briefing/Platts, the Association for Iron and Steel Technology, and Kallanish Commodities, as well as marketing for what was then known as ThyssenKrupp Steel USA (now AM/NS Calvert). After a five-year hiatus working across other industries, she returned to steel in 2021 and has covered the flat rolled, tubular, and trade areas of the industry. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania. She can be reached at laura@steelmarketupdate.com or 724-759-7869.

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