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
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