Nucor Increases Hot-Rolled Coil Prices to $885/t Amid Strong Q3 Earnings

Nucor Raises Hot-Rolled Coil Prices: Focus on Market Recovery

Nucor has raised its weekly spot price (CSP) for hot-rolled coil (HRC) to $885 per short ton. This increase applies to all production facilities except California Steel Industries (CSI), where the price reached $945/t. The adjustment, up $10/t from the previous week, follows a steady price level since August 25. Spot order deliveries are expected within 3–5 weeks.

The price hike reflects broader US steel market trends. SMU estimated US HRC spot prices at $805/t as of October 21, a $20 increase from last month. Other steel producers, including NLMK USA and Atlas Tube, have also raised prices, signaling growing demand and gradual market recovery.

Nucor Q3 Performance and Strategic Expansion

Nucor’s Q3 2025 earnings exceeded expectations, driven by higher product prices and strong shipments. Total steel shipments rose 12% year-on-year to 6.4 million tons, while average external sales prices increased 5% to $1,258 per short ton. Net sales reached $8.52 billion, a 14% year-on-year rise, and net income jumped to $607 million from $250 million in Q3 2024.

CEO Leon Topalyan emphasized the company’s focus on expanding core steelmaking capabilities. Recent initiatives include ramping up production on two bar projects, advancing sheet steel and coating projects, and beginning tower production at the Alabama Towers & Structures plant. These strategic moves strengthen Nucor’s position in both steelmaking and metallurgy-related segments.

SuperMetalPrice Commentary:

Nucor’s price increase highlights a recovering US steel market, with strong Q3 performance reinforcing market confidence. Rising HRC prices indicate robust demand, and strategic expansions in bar and sheet steel suggest long-term growth. Investors should monitor further price adjustments and market responses, as US producers collectively signal a market rebound.