Steel Prices

Nucor holds HRC CSP at $930/ton for third week
Written by Brett Linton
April 28, 2025
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil remained unchanged this week.
As of Monday, April 28, the CSP stood at $930 per short ton (st). It has been at this price each of the past two weeks, down from $935/st one month prior.
The HR coil base price for Nucor subsidiary California Steel Industries (CSI) also held steady at $990/st, down from $995/st four weeks ago.
The Charlotte, N.C.-based steelmaker noted that lead times of three to five weeks remain available, and customers should contact their district sales manager for availability. Published extras apply to all spot transactions.
SMU’s April 22 market check found HR coil spot prices ranging from $840-950/st, averaging $895/st. Our HRC index was unchanged week over week but has declined $50/st over the past month. Updated indices will be published tomorrow evening.
SMU members can view historical flat-rolled and plate price announcements on our steel mill price announcement calendar.

Brett Linton
Read more from Brett LintonLatest in Steel Prices

October scrap market settles with bush down $20, shred down $10
Most mills sought a drop of $20-40 per gross ton (gt) in busheling prices and a $20/gt dip for shredded and HMS. Despite efforts to buy cheaper, the busheling price settled at down only $20/gt.

SMU Price Ranges: HR holds, galv slips amid competing market narratives
SMU’s sheet and plate prices see-sawed this week as hot-rolled (HR) coil prices held their ground while prices for galvanized product slipped.

Nucor carries $875/ton HR list price into week seven
Nucor is keeping hot-rolled (HR) coil prices unchanged again this week, according to its latest consumer spot price (CSP) notice issued on Monday, Oct. 6

Gap between US HR and landed import prices starts to narrow
The price gap between stateside hot band and landed offshore product narrowed this week. Still, with the 50% Section 232 tariff, most imports remain much more expensive than domestic material.

SMU Price Ranges: A newsy week sees modest price gains despite a quiet spot market
Market participants predicted that prices should be at or near a bottom. But while most seemed to agree on that point, many also said they saw little upside given a quiet spot market and ongoing concerns about demand.