Nucor lifts list price for spot HRC by $20/ton

Nucor raised its published weekly spot price for hot-rolled (HR) coil by $20 per short ton (st) on Monday.

The $20/st increase applies to all of the steelmaker’s sheet mills, including its West Coast joint-venture, California Steel Industries (CSI).

This puts Nucor’s consumer spot price (CSP) for HR coil at $890/st this week and CSI’s at $950/st.

Nucor had lowered the CSP throughout May, closing the month at $870/st. The company maintained the price at that level last week – even on the heels of the Trump administration doubling Section 232 tariffs on imported steel to 50%.

You can track mill price announcements on our website here.

In last week’s market check, SMU assessed spot HR coil prices at $780-910/st, averaging $845/st FOB mill, east of the Rockies, according to our interactive pricing tool.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. Since 2007, she has held various editorial and marketing positions with steel industry publications, associations, and mills. In 2021, after a five-year hiatus working across other industries, she returned to steel trade journalism, joining SMU in 2022. 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.