Steel Prices

Nucor raises HRC list price to $930/ton
Written by Stephanie Ritenbaugh
March 17, 2025
Nucor is pushing its list price for hot-rolled (HR) coil up by $15 per short ton to $930/st.
This marks the eighth week that the Charlotte-N.C.-based steelmaker has raised its consumer spot price (CSP) for HR sheet.
The price will be $930/st at all producing mills, except for West Coast subsidiary California Steel Industries (CSI), where the HR base price will be $990/st, which is also $15 above last week.
In a letter to customers on Monday, the company said it is maintaining lead times of 3-5 weeks on spot orders.
SMU’s average HR price was at $950/st, as of Tuesday, March 11. That was up $25/st w/w, according to our interactive pricing tool.

Stephanie Ritenbaugh
Read more from Stephanie RitenbaughLatest in Steel Prices

SMU Survey: Mills remain flexible on pricing, buyers say
The majority of steel buyers responding to our market survey this week continue to say that mills are negotiable on new spot order prices. Negotiation rates have remained high since May.

Spread between US HRC and imports widens on S232
HRC prices in the US eroded further last week, while offshore prices varied week over week (w/w), widening the price margin between stateside and foreign product.

SMU price ranges: Flat-rolled balloon continues to leak
Sheet and plate prices were flat or lower again this week on continued concerns about demand and higher production rates among US mills.

US pig iron market lacks price firmness
Prices remain subdued in US pig iron market, sources said.

Cliffs inks longer-term contracts with US automakers hedging tariff inflation: Report
Cleveland-Cliffs Inc. has reportedly signed "unusually long" fixed-price supply agreements with multiple US automakers.