Nucor raised the price of hot-rolled coil to $1,010/ton

American steel producer Nucor has raised its spot consumer price (CSP) for hot-rolled coil (HRC) by $5 per short ton compared to the previous week. This is stated in a letter to customers dated March 9.

Thus, the current price is $1,010/ton. The new announcement is the eighth consecutive weekly price increase by the steel producer. Last week, it was $15 per short ton.

The spot consumer price for Nucor’s West Coast joint venture, California Steel Industries (CSI), also rose by $5/t to $1,060 per short ton.

Delivery times remain within the range of 3-5 weeks.

According to SMU, on March 3, the average spot price for HRC on the US market, on FOB (east of the Rockies) terms, was $1,005 per short ton, which is $25/t higher than the previous week’s estimate.

In addition, two US producers, Oregon Steel Mills and SSAB Americas, announced at the end of last week that they would raise their sheet prices by $60 per short ton.

Oregon Steel Mills informed its customers that the minimum increase took effect immediately for all new orders. It applies to carbon, high-strength low-alloy, hot-rolled, normalized, and hardened rolled products.

SSAB Americas noted that its increase applies to all new sheet orders not covered by contracts with confirmed shipments from May 3.

It should be recalled that in February 2026, the global hot-rolled coil market continued the upward trend that began in January. Offers in Europe have risen by €25–45/t since the beginning of the year, and in the US by $50/t. China lagged behind, recording an increase of only $2/t. It was expected that accumulated service center inventories and seasonal factors would create a risk of stagnation or correction for the US market in the second quarter.