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
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