Market Segment
July 28, 2025
Written by David Schollaert
Nucor kept its weekly list price for hot-rolled (HR) coil unchanged this week following a price cut of $10 per short ton (st) last week.
The steelmaker said in a letter to customers on Monday that its consumer spot price (CSP) for HR coil would remain at $900 per short ton (st).
The plate market squeeze has undoubtedly been driven by improved demand backed by heightened import barriers, including 50% Section 232 tariffs.
Metalformers’ optimism softened in the Precision Metalforming Association (PMA) September Business Conditions Report.
SMU’s latest Flat-Rolled Steel Buyers Survey shows that in a tight US market marked by long lead times, low inventories, and rising prices, foreign products continue to gain the interest of domestic buyers.
Domestic raw steel output fell to a six-month low last week after hitting a multi-year high one week earlier, according to the latest American Iron and Steel Institute (AISI) figures.
The proposed Hyundai-POSCO steel mill in Louisiana has been approved for up to $1.3 billion in bond financing, according to state records and local media reports.