 |
| Nucor hot rolled coil prices |
US Hot-Rolled Coil Market Shows Continuous Upward Trend
Nucor has increased hot-rolled coil (HRC) prices for six consecutive weeks, reflecting tight supply and steady demand. Meanwhile, the weekly spot price rose by $5 per short ton, reaching $920/t. This cumulative increase totals $45/t since late October. The move signals ongoing supply discipline amid moderate recovery in American steel demand.
Regional Price Movements and Global Market Implications
California Steel Industries, Nucor’s West Coast joint venture, raised HRC prices to $970/mt this week. Meanwhile, US average HRC prices reached $870/t FOB by November 25, up $10/t from the previous week. In contrast, China faces seasonal price pressures, while the EU expects moderate gains of €10–20/t due to automotive negotiations and depleting import stocks. Therefore, global HRC dynamics remain regionally divergent.
Forecast and Industry Outlook for Hot-Rolled Coil
US HRC prices are likely to remain stable around current levels until the end of 2025. However, fluctuations of $10–20/t are possible depending on producers’ supply management. In Europe, significant price increases are constrained by weak end-user demand. As a result, traders and recyclers should monitor production discipline and international trade flows closely to anticipate market shifts.
ScrapInsight Commentary
US HRC price increases reflect strong supply discipline and steady demand, supporting stable domestic margins. Globally, regional divergences suggest selective export opportunities. Recyclers and steel traders should consider HRC trends for strategic procurement and pricing decisions.
