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| Nucor HRC |
Seventh Consecutive Price Increase Signals Strong Demand
Nucor hot-rolled coil price rose to $1,005/ton, marking the seventh consecutive weekly increase. The company cites robust US demand and tightening supply. Meanwhile, California Steel Industries, Nucor’s West Coast partner, raised HRC prices to $1,055/ton. As a result, order fulfillment remains steady at three to five weeks, reflecting high service center activity and ongoing domestic consumption trends.
Global Market Dynamics and Regional Price Movements
Global HRC markets continued upward trends in February 2026. European prices climbed €25–45/ton since January, while US prices increased by $50/ton. In contrast, China reported minimal $2/ton gains. Consequently, Nucor hot-rolled coil price increases align with broader international dynamics. Analysts warn that accumulated service center inventories and seasonal factors may limit growth or trigger mid-year corrections in the US market.
Meanwhile, US spot prices averaged $980/ton east of the Rockies, up $5/ton week-on-week, according to SMU. Kallanish estimates ranged $975–990/ton, reflecting regional variations. Therefore, producers and scrap suppliers should monitor these trends for pricing strategies, supply chain planning, and risk mitigation in North American steel markets.
ScrapInsight Commentary
Nucor’s repeated hot-rolled coil price increases indicate strong North American demand and supply tightness. This trend supports scrap metal values for rebar and HRC production. Policymakers should track potential seasonal corrections that may influence recycling flows and circular economy initiatives.
