Prices
October 23, 2025
Written by Daniel Doderer
As another month goes by and another futures columnist starts by saying “not much to see here,” I understand that a reader might flip their brain to skim mode. However, I urge you to stay with me here as I work through what the longer-term implications of a sleepy futures market may actually suggest.
It’s been about seven months since my last column, and a lot has happened over that period of time.
Nucor said on Monday, Sept. 21, that its consumer spot price (CSP) for hot-rolled (HR) coil will be $1,210 per short ton (st) this week, a $10/st increase from a week earlier.
The domestic plate market is showing few signs of relief for steel buyers. Lead times are stretching well beyond seasonal norms, spot availability has all but evaporated, and mills are drawing hard lines on contract volumes heading into 2027 negotiations.
SSAB Americas announced immediate changes to pricing extras on select products, according to a letter sent to customers Friday morning.
Nucor Plate Group said it will be increasing its fuel surcharge to $20 per short ton for next month, effective on all shipments beginning Oct. 1.
Nucor said its consumer spot price for hot-rolled coil will be $1,200 per short ton (st) the week of Monday, Sept. 14. That's a $10/st increase from a week earlier.