Nucor Raises Hot-Rolled Steel Prices

Steelmaker increases spot price by $10 per ton amid ongoing supply chain pressures.

Apr. 20, 2026 at 2:34pm

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A photorealistic studio still-life image featuring a stack of shiny, reflective hot-rolled steel coils against a clean, monochromatic background, conceptually representing the strength and value of this essential industrial material.Nucor's latest price hike for hot-rolled steel reflects ongoing supply chain pressures and industry volatility.Charlotte Today

Nucor, the Charlotte-based steel producer, has announced a $10 per short ton increase in its consumer spot price (CSP) for hot-rolled (HR) coil, raising the price to $1,055 per short ton. The company's West Coast joint venture, California Steel Industries (CSI), also saw a $10 per short ton increase to $1,105 per short ton.

Why it matters

Steel prices have been volatile in recent years due to supply chain disruptions, increased demand, and other market factors. This latest price hike by Nucor, one of the largest steel producers in the U.S., reflects the ongoing challenges facing the industry and could impact costs for manufacturers and consumers who rely on hot-rolled steel.

The details

In a letter to customers, Nucor said the CSP increase is effective immediately, with lead times of 3 to 5 weeks continuing to be offered. The company has now raised its CSP by $95 per short ton since January 20. Steel Market Update's HRC spot price averaged $1,050 per short ton as of April 14, up $10 per short ton from the previous week.

  • Nucor announced the price increase on April 20, 2026.
  • The new CSP for Nucor's HR coil is effective immediately.
  • Nucor has raised its CSP by $95 per short ton since January 20, 2026.

The players

Nucor

A Charlotte, North Carolina-based steel producer and one of the largest steel companies in the United States.

California Steel Industries (CSI)

Nucor's West Coast joint venture steel mill.

Steel Market Update (SMU)

A leading industry publication that tracks and reports on steel prices and market trends.

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What they’re saying

“Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil to $1,055 per short ton (st), a $10/st bump from last week.”

— David Schollaert, Deputy Editor-in-Chief

The takeaway

This latest price increase by Nucor reflects the ongoing challenges facing the steel industry, including supply chain disruptions and increased demand. As one of the largest producers in the U.S., Nucor's actions can have a significant impact on manufacturers and consumers who rely on hot-rolled steel.