Steel Prices

Nucor’s weekly spot HR price unchanged, again

Written by David Schollaert

April 7, 2025

Nucor’s consumer spot price (CSP) for hot-rolled (HR) coil remains unchanged again this week.

The pause over the past two weeks stands in contrast to the nine-week rally that saw the company increase prices regularly by double-digits.

The Charlotte, N.C.-based steelmaker told customers on Monday that this week’s consumer spot price (CSP) for HR coil would be $935 per short ton (st).

That price is good across Nucor mills, except for its joint-venture subsidiary California Steel Industries (CSI). HR prices at CSI remain at $995/st, unchanged from last week.

Recall that West Coast prices are typically higher than those east of the Rocky Mountains. That’s why CSI’s price is higher than prices at Nucor’s other mills.

Nucor stated that lead times of three to five weeks would continue to be offered. But the company also said customers should contact a Nucor sales representative to confirm that.

You can track Nucor’s price announcements, and those of other mills, with SMU’s steel mill price announcement calendar. You can find that here.

SMU’s current HR coil price range is $860-970/st, with an the average price of $915/st. That’s down $30/st from our previous assessment. We also calculated the average lead time for the HR sheet to be 5.5 weeks, down from 5.9 weeks in early March.

We will update prices again on Tuesday.

David Schollaert

David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

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