Nucor lowered prices for hot-rolled coil by $10/t

US steel company Nucor announced a reduction in its weekly spot price (CSP) for hot-rolled coil (HRC). Offers for the week of July 21-27, 2025, fell by 1.1% or $10/t compared to the previous week, to $900 per short ton for all production facilities except California Steel Industries (CSI), where the price is $960/t (-1%).

Since the beginning of July, Nucor’s HRC prices have been mostly stable, with an increase in the first week. Offers were adjusted after two weeks of stabilization. The company last announced a CSP reduction at the end of May, when the market was under significant pressure and decline. The maximum price since the beginning of the year was reached on March 24 – $935/t ($995/t for CSI) – and remained until April 13.

The lead time for orders is estimated at 3-5 weeks.

According to Kallanish, last week HRC prices in the US fluctuated between $880-910/t. SMU estimated spot prices for US hot-rolled coil as of July 15 at $800-910/t.

During June, the US HRC market saw growth. As of June 27, 2025, prices for products in North America increased by 1.1% compared to the end of May, to $986.6/t ex-works. The basis for the growth of domestic prices in the US was a political initiative – doubling the import duty on steel under Section 232 to 50%, announced by the Donald Trump administration.

The American company Cleveland-Cliffs announced the opening of the July order book for hot-rolled coil (HRC) at an increased price of $950/t. Offers rose by $40/t or 4.4% compared to June ($910/t).