The new bid price is $1,220 per short tonne

The American steel producer Nucor has once again raised its spot price (CSP) for hot-rolled coils by $10 per short tonne compared with the previous week. This is stated in the company’s letter to customers dated 28 September.

The new offer price stands at $1,220 per tonne. The CSP for the California Steel Industries (CSI) joint venture has also risen by $10 per short tonne to $1,280 per tonne.

According to the company’s statement, order lead times remain at three to five weeks, as before.

On 8 September, the steel producer announced a CSP for this product at $1,190/t and has since gradually increased it by $10/t every week.

According to Steel Market Update estimates, the average price of hot-rolled coils in the United States as at 22 September was approaching $1,300 per short tonne against the backdrop of a persistent shortage in the spot market.

On 25 September, Kallanish estimated the price of domestically produced HRC in the US at $1,210–1,220 per short tonne; in the corresponding week of 2025, spot prices for this product ranged from $825 to $865 per short tonne.