Steel Prices

Nucor’s hot band list price holds at $875/ton

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

David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.