Steel Prices

Nucor lifts HR spot price by $10/ton
Written by Ethan Bernard
June 30, 2025
Nucor has raised its weekly spot list price on hot-rolled coil by $10 per short ton (st) after holding it steady last week.
The Charlotte, N.C.-based steelmaker said on Monday its HR consumer spot price (CSP) would be $910/st, up from $900/st a week earlier.
The price at the company’s West Coast joint venture, California Steel Industries (CSI), was also increased by $10/st week over week (w/w) to $970/st.
Last week’s pricing pause came after two consecutive weekly increases. A month ago, on May 27, the price stood at $870/st.
You can track mill pricing announcements using the calendar on our website.
Lead times for all spot orders will continue to be offered between 3-5 weeks, Nucor said.
SMU’s HRC price averaged $875/st FOB mill, east of the Rockies, as of Tuesday, June 24. That’s down $5 w/w but up $35 from a month earlier.
We will update our prices on Tuesday evening.

Ethan Bernard
Read more from Ethan BernardLatest in Steel Prices

Steel buyers ignore tariff noise amid slow summer market
Section 232 tariffs have doubled to 50%. Reciprocal tariffs rates remain uncertain. But while prices have softened on even softer sentiment, tariffs have firmed the floor.

CRC price declines tighten US vs. EU gap
Cold-rolled (CR) coil prices continued to tick lower in the US this week, with a similar trend seen in offshore markets.

CRU Outlook: Near-term regional steel price trends will diverge
Chinese steel export prices are expected to rise and support prices across most of Asia in the coming month. In Europe, buyers are likely to frontload import orders ahead of CBAM imposition, while new trade agreements are likely to emerge in the US. Steel prices in the APAC are expected to rise, except in India […]

HR Futures: Summer doldrums prevail
Not much to report on from the sleepy HRC futures market in the thick of the summer doldrums with trading volume nearly grinding to a halt.

US, EU HR prices decline, doubled S232 tariffs maintain the gap
Stateside prices continue to trail imports from Europe, supported by Section 232 steel tariffs that were doubled in early June.