Steel Prices

Nucor pauses month-long slide in weekly HR price

Written by Laura Miller

June 2, 2025

Nucor halted a four-week decline in its spot price for hot-rolled (HR) coil this week, maintaining its weekly consumer spot price (CSP) at the same level as last week.

The steelmaker informed customers on Monday morning its HR base price for this week is $870 per short ton (st).

This week’s price is flat compared to last week but down from $930/st the last week of April.

You can track mill price announcements on our website here.

At the same time, Nucor also stated that the HR price at its West Coast CSI joint venture will increase by $10/st from last week to $930/st this week.

The month of May closed with SMU’s average HR coil price at $840/st, its lowest level in over three months, according to SMU’s interactive pricing tool.

Lead times for HR coil last week, at an average of 4.2 weeks, were some of the shortest we’ve seen since late 2022.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held a variety of positions within the steel industry since 2007, including reporting and editing for Steel Business Briefing/Platts, the Association for Iron and Steel Technology, and Kallanish Commodities, as well as marketing for what was then known as ThyssenKrupp Steel USA (now AM/NS Calvert). After a five-year hiatus working across other industries, she returned to steel in 2021 and has covered the flat rolled, tubular, and trade areas of the industry. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania. She can be reached at laura@steelmarketupdate.com or 724-759-7869.

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