Aug 29, 2026Company News
Nucor Raises US HRC Price by $5/t Again
Gerdau Long Steel North America has also announced price increases for certain products The US steel producer Nucor has once again raised its spot price (CSP) for hot-rolled coils by $5 per short ton
Gerdau Long Steel North America has also announced price increases for certain products The US steel producer Nucor has once again raised its spot price (CSP) for hot-rolled coils by $5 per short tonne compared with the previous week. This is stated in a letter from the company to its customers dated 10 August. The new offer price stands at $1,160 per short tonne.
The CSP for the joint venture California Steel Industries (CSI) has also risen by $5 per short tonne to $1,220 per short tonne. Delivery times remain unchanged at 3 to 5 weeks. According to Steel Market Update, the average price for hot-rolled coils in the US as at 4 August stood at $1,180 per short tonne.
Meanwhile, Gerdau Long Steel North America also warned of price increases for rolled steel in a letter to customers, reports Kallanish. The increase ranges from $30 to $80 per short tonne and came into effect for new orders placed from 10 August. The largest price increase (of $80 per short tonne) applies to certain types of angle bars, channels and flat products.
The price increase implemented on 3 August for similar products, but of different dimensions, is not affected by this adjustment. For orders confirmed by 7 August, the price remains unchanged provided that shipment takes place by 21 August. The global market for hot-rolled coils showed mixed trends in July 2026.
In particular, in the US, prices rose steadily due to limited spot supply and stable demand,
