Nucor Raises Hot-Rolled Coil Spot Price by $10 Per Ton

Steelmaker also increases price for California Steel Industries joint venture

Published on Feb. 23, 2026

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Nucor, the Charlotte, N.C.-based steelmaker, has increased its consumer spot price (CSP) for hot-rolled coil by $10 per short ton to $990 per ton. The company also raised the CSP for its West Coast joint venture, California Steel Industries, by $10 per ton to $1,040 per ton. Lead times will remain at 3 to 5 weeks, according to Nucor's letter to customers.

Why it matters

This price increase by Nucor, one of the largest steel producers in the U.S., signals continued strength in the domestic steel market and rising input costs for manufacturers and other steel consumers. It also reflects Nucor's ability to pass along higher costs to its customers.

The details

Nucor said in a letter on Monday, Feb. 23, that the CSP for its West Coast joint venture, California Steel Industries (CSI), is also up $10 per short ton week-over-week to $1,040 per ton. Lead times of 3 to 5 weeks will continue to be offered, according to the letter.

  • Nucor announced the price increase on February 23, 2026.

The players

Nucor

A Charlotte, N.C.-based steelmaker and one of the largest steel producers in the United States.

California Steel Industries (CSI)

A West Coast joint venture of Nucor that also increased its hot-rolled coil spot price.

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The takeaway

Nucor's price increase reflects the ongoing strength in the domestic steel market, as well as the company's ability to pass along higher input costs to its customers. This move could put pressure on manufacturers and other steel consumers to absorb the higher prices or pass them along further down the supply chain.