Nucor Raises Hot-Rolled Coil Prices for Fifth Consecutive Week

Nucor Hot-Rolled Coil Price Increase Continues

Nucor Corporation has raised the price of hot-rolled coil (HRC) for the fifth week in a row. The new offer sets HRC at $915 per short ton, up from $910 last week. Thick plate prices will increase by $30 per ton for all new orders not confirmed by November 24. This adjustment aligns with the company’s ongoing fall pricing trend and the opening of the January order book.

Market data from SMU shows the average thick plate price now at $1,015 per ton, $55 higher than late September lows. Nucor’s West Coast joint venture, California Steel Industries (CSI), also raised HRC prices by $15 per ton to $965. Analysts attribute these increases to stable US demand and controlled supply, signaling positive market sentiment.

Delivery times remain 3–5 weeks, indicating steady plant utilization. US domestic steel markets continue to support price growth, even as global trends vary. In Europe, HRC prices rose on expected trade protection measures, while China lowered prices amid excess inventories and uncertain recovery.

Factors Driving Nucor HRC Price Growth

The ongoing price rises reflect strong US steel demand, limited supply, and strategic pricing by major producers. Weekly spot prices for HRC increased steadily, with the current $915 per ton representing consistent upward movement. Market observers note that domestic plant utilization and delivery reliability further reinforce Nucor’s pricing strategy.

Thick plate price adjustments and HRC increases support North American steelmakers’ revenue stability. Meanwhile, international markets show mixed signals: Europe strengthens prices on trade measures, and China reduces HRC quotes due to oversupply and demand concerns.

SuperMetalPrice Commentary:

Nucor’s consecutive weekly price increases highlight the resilience of the US steel market amid global uncertainty. Hot-rolled coil remains a critical input for automotive, construction, and infrastructure sectors, supporting steady demand. Investors and industry participants should watch upcoming order books, as Nucor’s strategy suggests continued pricing power. Meanwhile, global disparities between US, European, and Chinese steel markets may create opportunities for arbitrage and strategic exports.