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

Offers returned to early May levels

US steel company Nucor announced an increase in the weekly spot price (CSP) for hot-rolled coil (HRC). Offers for the week of June 30 to July 6, 2025, rose by 1.1% or $10/t compared to the previous week, to $910 per short ton for all production facilities except California Steel Industries (CSI), where the price is $970/t (+1%).

At the beginning of July, Nucor’s HRC offers returned to early May levels, followed by a sharp drop to $870/t. Prices fell significantly in May but gradually recovered in June. The recovery trend is continuing, albeit at a slower pace. The highest price since the beginning of the year was reached on March 24 – $935/t ($995/t for CSI) – and remained at that level 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.

During May, the US HRC market experienced a sharp decline: the average price decreased by 7.1% month-on-month to $885/t ex-works. The key factors were a combination of weak end demand, lower scrap prices, and sluggish business activity after the end of the “panic buying” period in March-April. Despite some signs of a possible upturn in purchases in June, most market participants expect a further gradual decline in prices over the summer.

As GMK Center repored earlier, US-based Cleveland-Cliffs announced the opening of its July order book for hot-rolled coil (HRC) at a higher price of $950/t. Offers rose by $40/t or 4.4% compared to June ($910/t).