Nucor Hot-Rolled Coil Price Increase: Market Impact
Nucor announced another price hike for hot-rolled coil (HRC) for the week of November 3-9, 2025. The new price stands at $890 per short ton across most facilities. California Steel Industries (CSI) reported $950/t, up 0.5%. This marks the second consecutive weekly increase, following a $10/t rise last week, the first in nearly two months.
The company aims to stabilize the domestic steel market and encourage restocking amid soft demand. NLMK USA also raised flat steel prices recently, suggesting broader industry efforts to prevent further declines. Analysts note that these price adjustments could influence upcoming November scrap negotiations, which traditionally set the tone for US steel costs.
Nucor Hot-Rolled Coil Price Increase: Strategic Outlook
Delivery times remain at 3-5 weeks, reflecting steady demand despite higher prices. According to Kallanish estimates, US HRC spot prices range from $825-865/t, meaning Nucor’s increase may establish a new benchmark. Global trends contrast with the US market: European prices rose due to expected trade protection, while Chinese prices fell on excess inventory and weak recovery prospects.
Market participants anticipate that Nucor’s moves will influence purchasing behavior, particularly in construction, automotive, and manufacturing sectors. By signaling stability, the company hopes to restore confidence and support domestic steel production.
SuperMetalPrice Commentary:
Nucor’s consecutive HRC price hikes illustrate strategic market intervention. These adjustments may strengthen US steel margins and stabilize the domestic supply chain. However, global competition and price volatility remain critical factors. As demand fluctuates, steel producers must balance profitability with market responsiveness, positioning Nucor as a key influencer in November pricing trends.
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