Nucor raises hot-rolled coil prices for the sixth consecutive time

American steel producer Nucor has raised its spot consumer price (CSP) for hot-rolled coil to $990 per short ton (st), which is $10 more than the previous week. The company announced this in a letter to customers dated February 23.

The CSP for the joint venture on the West Coast, California Steel Industries (CSI), also increased by $10/t. The new price for this asset is $1,040 per short ton.

According to the report, order fulfillment times remain within 3-5 weeks, indicating relatively stable demand and production capacity utilization. The price increase comes amid continued activity in the domestic market and expectations of further supply adjustments by leading producers.

At the same time, according to SMU, the average spot price for HRC in the US as of February 17 was $975 per short ton FOB, which is in line with the previous week and indicates relative market stability outside of individual pricing initiatives.

As reported by GMK Center, global HRC prices rose in most key regions in January 2026. The largest market upturn was recorded in the EU and the US, while China saw only a slight increase in prices after a weak November-December. In North America, product prices rose by 2.4% in January (compared to the end of December) to $1055.5/t ex-works. Prices in the region were at their highest level since April 2025.