Nucor raises hot-rolled coil prices for third consecutive week

American steel company Nucor has raised its weekly spot price (CSP) for hot-rolled coil (HRC) for the third consecutive week. This is stated in the company’s official announcement.

As of February 2, the spot price for end users rose to $970 per short ton, which is $5/t higher than the previous week. Thus, Nucor has implemented a consistent three-week price increase since the beginning of this year.

The company also announced that the spot price for hot-rolled coil for its West Coast joint venture, California Steel Industries (CSI), has increased by $5/t to $1,020 per short ton.

Nucor noted that order fulfillment times remain stable at 3 to 5 weeks.

According to SMU, the average spot price for HRC in the US market, on FOB (east of the Rockies) terms, as of January 27, 2026, was $960 per short ton, which is $15/t more than the previous estimate.

It should be recalled that in November-December 2025, Nucor raised its prices for hot-rolled coil by $75/t overall. The series of increases lasted for 9 consecutive weeks.

As reported by GMK Center, in January this year, ArcelorMittal announced a €30/t increase in prices for hot-rolled coil in Europe with delivery in April. The new offers were €700/t compared to €670/t with delivery in March. Market sources noted an improvement in sentiment on the European flat steel market.