Nucor Raises HRC CSP $10 to $1,280/Short Ton

Nucor raised its weekly Consumer Spot Price for hot-rolled coil by $10 per short ton to $1,280/st for the week beginning November 2, while California Steel Industries increased its HRC CSP to $1,350/st.

Nucor increased its announced Consumer Spot Price, or CSP, for hot-rolled coil by $10 per short ton compared with the previous week, setting the new level at $1,280/st, according to a November 2 customer letter.

California Steel Industries, Nucor's West Coast joint venture, also increased its HRC CSP by $10/st to $1,350/st.

Reported lead times for spot orders remain unchanged at three to five weeks.

SteelPrices price-basis note: Nucor's $1,280/st and CSI's $1,350/st figures are producer-announced Consumer Spot Prices quoted per U.S. short ton. They are not independent market assessments or confirmation that all U.S. HRC transactions are occurring at those levels.

Nucor Extends Its Weekly CSP Increases

The November 2 announcement marked Nucor's fifteenth consecutive weekly CSP increase, according to the source report.

The latest adjustment follows the company's October 26 CSP increase to $1,270/st. California Steel Industries had been quoted at $1,340/st for that week.

Nucor's announced HRC CSP has therefore increased by $10/st week over week, while CSI's CSP also increased by $10/st.

Market Assessments Remain Above Nucor's CSP

Kallanish assessed domestic U.S. HRC at $1,300–1,340 per short ton as of October 30.

That range sits above Nucor's newly announced $1,280/st CSP, although the two figures represent different pricing bases: Nucor's figure is a producer-announced price, while the Kallanish range is a market assessment.

For comparison, Kallanish reported U.S. HRC spot prices of $825–865/st during the corresponding week of 2025.

Buyers Expect Further HRC Price Increases

Steel Market Update's latest Flat-Rolled Steel Survey found that buyers increasingly expect HRC prices to continue rising through the end of 2026 and beyond.

SMU reported that foreign suppliers were continuing to offer competitive prices, while many service centers were still purchasing imported material to secure additional tonnage.

As of October 27, SMU reported U.S. HRC spot prices ranging from $1,280 to $1,330/st, with an average of $1,305/st.

The latest data therefore show Nucor continuing its producer-led pricing increases while independent U.S. HRC assessments remain near or above the company's announced CSP.

Previous market reporting also pointed to limited domestic spot availability during October. GMK Center attributed the broader rise in U.S. steel prices partly to reduced import competition following U.S. trade tariffs.

Courtesy: GMK Center

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