Prices

Nucor keeps HR spot price at $875/ton
Written by Ethan Bernard
October 13, 2025
Nucor has left its consumer spot price (CSP) for hot-rolled coil at $875 per short ton (st) for the eighth straight week.
The Charlotte, N.C.-based steelmaker said in a letter on Monday that the CSP for its West Coast joint venture, California Steel Industries (CSI), would also remain the same as last week at $935/st.
Lead times of 3 to 5 weeks will continue to be offered, the letter said.
To track steel mill price announcements, you can use the calendar on our website here.
SMU’s HR spot price stood at an average of $795/st as of Tuesday, Oct. 7, unchanged from the previous week. The next SMU HR price update will be on Tuesday evening, Oct. 14.
Ethan Bernard
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Final Thoughts
Most steel buyers think that steel prices will continue to rise into the 2026. But they don’t see the kinds of big gains that have characterized past market upturns, according to the results of SMU’s latest steel market survey.
SMU Survey: Mills less negotiable on spot prices
Most steel buyers responding to our market survey this week reported that domestic mills are considerably less willing to talk price on sheet and plate products than they were in recent weeks.
Price gap between US HRC, most imports narrows slightly
In dollar-per-ton terms, US product is on average $141/st less than landed import prices (inclusive of the 50% tariff). That’s down from $148/st last week.
SMU price ranges: Sheet ticks higher, plate stable
Sheet steel indices increased across the board this week, while plate prices held steady. All five of SMU’s price indices are higher than they were two weeks ago, and all but one are above levels recorded four weeks ago.
Nucor lifts HR spot price by $10/ton
Nucor has raised its weekly spot list price on hot-rolled coil by $10 per short ton (st) after keeping it unchanged since Aug. 25.
