Steel Products Prices North America

Nucor lowers HRC by $10/ton in fourth straight cut

Written by David Schollaert

May 27, 2025

Nucor has lowered its consumer spot price (CSP) for hot-rolled coil by $10 per short ton (st), marking the fourth consecutive weekly decrease.

You can track mill price announcements on our website here.

This week’s base CSP will be $870/st, the Charlotte, N.C.-based steelmaker told customers in a letter on Tuesday.

The company noted that lead times for all spot orders will be offered between 3 and 5 weeks. Published extras will apply to all spot transactions.

At Nucor’s California joint-venture subsidiary, CSI, the price will be $920/st, down $20 from the previous week.

As of May 20, SMU’s average HRC price was $845/st FOB mill, east of the Rockies. That’s flat vs. the week prior but down $105/st after reaching a recent high of $950/st in mid-March, according to SMU’s interactive pricing tool.

Meanwhile, SMU’s average lead time for HRC stood at 4.6 weeks as of May 14, 0.5 weeks shorter than two weeks earlier.

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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