Steel Prices

Nucor’s hot band list price holds at $875/ton
Written by David Schollaert
September 15, 2025
Nucor held its hot-rolled (HR) coil list price flat again this week, according to its Monday, Sept. 15 consumer spot price (CSP) notice.
The steelmaker said in a letter to customers that it would keep its HR spot price unchanged for another week. It last raised prices by $10 per short ton (st) on Aug. 25; it has held the price at $875/st since then.
Nucor also said HR pricing at its West Coast joint venture, California Steel Industries (CSI), would also remain unchanged from last week at $935/st.
The Charlotte, N.C.-based company also said it would continue to offer lead times of 3-5 weeks for HR.
You can track steel mill price announcements using the calendar on our website here.
SMU’s HR price stood at an average of $800/st as of Tuesday, Sept. 9. The price was down $5/st vs. the prior week. The next SMU HR price update will be on Tuesday evening.
We also pegged HRC lead times to be between three and six weeks, with an average of 4.4 weeks. We’ll update lead times again on Thursday.

David Schollaert
Read more from David SchollaertLatest in Steel Prices

Gap between US HR and landed import prices starts to narrow
The price gap between stateside hot band and landed offshore product narrowed this week. Still, with the 50% Section 232 tariff, most imports remain much more expensive than domestic material.

SMU Price Ranges: A newsy week sees modest price gains despite a quiet spot market
Market participants predicted that prices should be at or near a bottom. But while most seemed to agree on that point, many also said they saw little upside given a quiet spot market and ongoing concerns about demand.

Nucor increases plate prices by $60/ton
Nucor aims to increase prices for steel plate by $60 per short ton with the opening of its November order book.

Nucor’s $875/ton HR spot price spills into week six
Nucor is keeping hot-rolled (HR) coil prices unchanged again this week, according to its latest consumer spot price (CSP) notice issued on Monday, Sept. 29.

SSAB aims to up plate prices by at least $60/ton
SSAB Americas sent a price increase notification to customers announcing that transaction prices on all its products are increasing by a minimum of $60 per short ton (st).