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Explain this story: Nucor increases hot-rolled coil spot prices by $10 per short ton
Nucor Corporation, the largest steel producer in the US, has increased its hot-rolled coil (HRC) spot price by US$10 per short ton to US$1,220 per short ton. This marks the eighth consecutive week of price increases for Nucor and its joint venture California Steel Industries, driven by tight market supply. The total monthly increase for Nucor's HRC prices now stands at US$30 per short ton since early September, reflecting a sustained upward trend in domestic steel prices.
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Nucor Corporation, the largest steel producer in the US, has increased its hot-rolled coil (HRC) spot price by US$10 per short ton to US$1,220 per short ton. This marks the eighth consecutive week of price increases for Nucor and its joint venture California Steel Industries, driven by tight market supply. The total monthly increase for Nucor's HRC prices now stands at US$30 per short ton since early September, reflecting a sustained upward trend in domestic steel prices.
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Published Sep 29, 2026, 04:44 ET · on this site +1h 59m