The American steel producer Nucor has once again raised its spot price (CSP) for hot-rolled coils by $5 per short tonne compared with the previous week. This is stated in a letter from the company to its customers dated 8 September
The new offer price stands at $1,190 per metric tonne. The CSP for the California Steel Industries (CSI) joint venture has also risen by $5 per short tonne to $1,250 per metric tonne.
Nucor has been raising the price of hot-rolled coils for several weeks running; in August, the increase was $5–10/t.
According to the steel manufacturer, delivery times remain unchanged – between three and five weeks.
According to Steel Market Update, the average price of hot-rolled coils in the United States stood at $1,205 per short tonne as at 1 September.
Overall, at the start of September, the US domestic flat steel market is facing limited availability of both spot materials and contract-based products – buyers continue to report these difficulties.
SMU notes that several market participants expect imports to rise in the coming months, as the price gap between US and foreign offers is at a historically high level, which is attracting buyers. However, this is unlikely to lead to a fall in domestic rolled steel prices.
It should be noted that ArcelorMittal has raised prices for hot-rolled coil (HRC) in Europe by €20/t ($23/t) for deliveries in November 2026. This is due to rising costs of raw materials and energy.
