Nucor lowers hot-rolled coil prices to $890/t

US steel company Nucor has announced a reduction in its weekly spot price (CSP) for hot-rolled coil (HRC). Offers for the week of August 4-10, 2025, fell by 1.1% or $10/t compared to the previous week, to $890 per short ton for all production facilities except California Steel Industries (CSI), where the price is $950/t (-1%).

In July, Nucor’s HRC prices were mostly stable, with an increase in the first week and a decline in the middle of the month. The first week of August saw a stabilization of offers, but the downward trend continued thereafter. The highest 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.

SMU estimated spot prices for US hot-rolled coil as of July 29 at $780-900/t, which is $5 lower than the previous week.

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.

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).