American steelmaker Nucor has reduced its weekly spot price (CSP) for hot-rolled coil (HRC) for the second consecutive week, bringing offers for August 11–17, 2025 down by $15/t (-1.7%) to $875 per short ton.
This price applies to all production facilities except California Steel Industries (CSI), where the offer stands at $935/t (-1.6%). Order lead times are currently estimated at 3–5 weeks.
Market Context
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The maximum HRC price in 2025 was reached on March 24 at $935/t ($995/t for CSI) and held until April 13.
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Last week, U.S. spot HRC prices ranged between $770–$890/t (SMU), while Kallanish reported $860–$880/t as of August 8.
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Prices have been trending lower since early summer, with market participants expecting a bottom in August–September before a potential rebound in September–October.
Outlook
The anticipated price recovery later this year could be driven by demand from infrastructure and energy projects as the market emerges from the summer slowdown.
VietnamSteel by Hoa Sen Group
