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 Price Ranges: HR crawls back to $800/ton
SMU’s HR price stands at $800/st on average, up $5/st from last week. The modest gain came as the low end of our range firmed, and despite the high end of our range declining slightly.
SMU successfully completes IOSCO review
SMU has successfully completed an external review of all our prices. The review has concluded that they algin with principles set by the International Organization of Securities Commissions (IOSCO).
Nucor keeps HR spot price at $875/ton
Nucor has left its consumer spot price for hot-rolled coil at $875 per short ton for the eighth straight week.
Domestic plate prices could heat up despite so-so demand, market sources say
Some sources also speculated that plate could see further price increases thanks to modest but steady demand, lower imports, mill maintenance outages, and end markets less immediately affected by tariff-related disruptions.
Gap between US HR prices, imports little changed
SMU’s average price for domestic hot-rolled (HR) coil was $795 per short ton (st) this week, sideways week on week (w/w). The move was different in offshore markets last week, as prices eased marginally.