The American steel producer Nucor has once again raised its spot price (CSP) for hot-rolled coils by $10 per short tonne compared with the previous week. This is stated in the company’s letter to customers dated 2 November.
The new bid price stands at $1,280 per short tonne. At the same time, the CSP for the California Steel Industries (CSI) joint venture also rose by $10 per short tonne compared with the previous week, to $1,350/t.
According to the company’s statement, lead times for spot orders remain unchanged at three to five weeks. The new announcement marked Nucor’s fifteenth consecutive weekly CSP increase.
According to Kallanish, as of 30 October, domestic HRC prices in the US stood at $1,300–1,340 per short tonne. During the corresponding week in 2025, spot prices for hot-rolled coils ranged from $825 to $865 per short tonne.
According to the latest SMU survey, flat steel market participants increasingly expect HRC prices to keep rising through the end of the year and beyond. However, foreign suppliers are offering competitive prices, and many service centers are still purchasing imported products to secure additional tonnage.
As a reminder, in October the United States experienced a shortage of spot offers for flat steel, which is pushing up prices for hot-rolled and cold-rolled coils.
As GMK Center reported earlier, domestic steel prices in the US rose to their highest level in more than four years. The main driver of the increase was the restriction of imports following the introduction of trade tariffs by President Donald Trump.
Courtesy: https://gmk.center/
