The American steel producer Nucor has increased the spot price (CSP) for hot-rolled coils by $15 per short tonne compared with the previous week. This is stated in the company’s letter to customers dated 19 October.
The new bid price stands at $1,255 per metric tonne. Prior to this, the bid had remained at $10 per short tonne for five consecutive weeks.
The CSP price for the California Steel Industries (CSI) joint venture also rose by $15 per short tonne, to $1,320/t.
According to the company’s statement, delivery times remain unchanged — between three and five weeks.
According to Kallanish, as at 16 October, the domestic price for hot-rolled coils in the US stood at $1,220–1,300 per short tonne. During the corresponding week in 2025, spot prices for HRC ranged from $825 to $865 per short tonne.
It is worth noting that domestic steel prices in the US have risen to their highest level in over four years. The main factor behind this rise was the restriction on imports resulting from the introduction of trade tariffs by President Donald Trump. This has supported local producers, but has significantly increased costs for American industrial enterprises. According to Fastmarkets, the price of hot-rolled coil has risen by 52 per cent over the past year, reaching $1,255 per short tonne. This figure was last recorded in May 2022.
As reported by GMK Center, the global hot-rolled coil market showed mixed trends in September 2026. In the United States, prices rose steadily due to limited spot supply and longer order fulfilment times. European producers were determined to raise prices, whilst in China the expected seasonal upturn remained in doubt.
Courtesy: https://gmk.center/en
