Nucor Corporation, the largest steel producer in the US, raised its hot-rolled coil (HRC) consumer spot price (CSP) by US$10 per short ton yesterday (April 20), reaching US$1,055 per short ton. The prices have risen for 13 consecutive weeks, contributing to a 20.6% increase over the last six months.

Pricing at its California Steel Industries (CSI) facility also climbed by US$10, reaching US$1,105 per short ton.

Despite these price changes, lead times for HRC delivery remain steady at three to five weeks.