The new offer has increased by $10 compared to last week

U.S. steel producer Nucor has once again raised its spot price (CSP) for hot-rolled coil—by $10 per short ton compared to the previous week. This was announced in a letter the company sent to its customers on May 18.

Thus, the new offer price stands at $1,090/ton.

At the same time, the CSP for the joint venture California Steel Industries (CSI) will also increase by $10 per short ton—to $1,140/ton.

Delivery times remain at 3 to 5 weeks.

According to SMU, as of May 12, the average spot price for HRC in the U.S. market on FOB (east of the Rockies) terms was $1,080 per short ton, up $5/ton from the previous week.

According to Kallanish estimates, domestic prices for hot-rolled coil in the United States rose by $10 per short ton last week, reaching a new range of $1,060–1,080/ton.

As a reminder, hot-rolled coil offers in the U.S. market rose by 2.9% in April to $1,163/ton ex-works (North America)—the highest level since early 2024. Last month, this market remained one of the strongest. The main driver of growth was regular price hikes by Nucor, which gradually pushed prices higher.

Currently, strong domestic demand and a shortage of spot volumes are keeping the U.S. market on an upward trend.