Nucor Corporation, the largest steel producer in the US, increased its hot-rolled coil (HRC) consumer spot price (CSP)by US$5 per short ton on April 6, reaching US$1,040 per short ton. This adjustment was the 12th consecutive weekly rise for the Charlotte-based steelmaker.

Besides, prices at its California Steel Industries (CSI) facility also rose by US$5, reaching US$1,090 per short ton.

Market participants said this sustained upward trend was due to strong domestic scrap costs and limited import volumes resulting from Section 232 steel tariffs. Furthermore, extended lead times for new sheet production continue to drive heavy order backlogs. These supply constraints allow mills to maintain pricing momentum.