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Home Steel Mills Pricing

Nucor raises CSP HRC price $15/ton for the first time since 2024: steel price outlook

03/02/2026
in Pricing, Steel Mills
Steel Pricing by Steel Industry News

Steel Pricing by Steel Industry News

Key Takeaways

  • Nucor has set its CSP hot rolled coil (HRC) base steel price for the week of March 2 at 1005 USD per short ton for most mills and 1055 USD per short ton at CSI. The $15/ton increase is the largest since August of 2024 and breaks the $1000/ton price level.
  • Stronger consumer confidence, sticky wholesale inflation, sharply higher energy prices, and Trump administration steel tariffs are all combining to keep steel prices elevated and volatile rather than easing meaningfully in early 2026.
  • For buyers, this Nucor steel price environment calls for short term closer tracking of energy and LNG markets that increasingly influence Nucor’s EAF based cost structure.

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SOURCES

GMK Center – Nucor raises weekly HRC price by $10/t – https://gmk.center/en/news/nucor-raises-weekly-hrc-price-by-10-t/​

GMK Center – Nucor raises HRC prices for the third time since the beginning of the year – https://gmk.center/en/news/nucor-raises-hrc-prices-for-the-third-time-since-the-beginning-of-the-year/​

LinkedIn (Mamdc) – Hot Rolled Coil (HRC) Price Trends: 2025–2026 Forecast and Insights – https://www.linkedin.com/pulse/hot-rolled-coil-hrc-price-trends-20252026-forecast-insights-deep-mamdc​

IMARC Group – Hot Rolled Coil Prices, Index, Chart 2026 and Forecast – https://www.imarcgroup.com/hot-rolled-coil-pricing-report​

MEPS International – North America Hot Rolled Coil Price Forecast – https://mepsinternational.com/gb/en/products/north-america-hot-rolled-coil-price-forecast​

SteelOrbis – Hot Rolled Coil (HRC) Prices, News and Analysis – https://www.steelorbis.com/steel-market/hot-rolled-coil.htm​

Ryerson – US Steel Prices & Pricing of Steel: Latest Market Intelligence – https://www.ryerson.com/metal-resources/metal-market-intelligence/are-steel-prices-coming-down​

Trading Economics – HRC Steel – Price – Chart – Historical Data – News – https://tradingeconomics.com/commodity/hrc-steel​

Trading Economics – Brent crude oil – Price – Chart – Historical Data – https://tradingeconomics.com/commodity/brent-crude-oil​

Oilprice.com – Goldman: Asian and European LNG Prices Could Jump 130% – https://oilprice.com/Latest-Energy-News/World-News/Goldman-Asian-and-European-LNG-Prices-Could-Jump-130.html​

Investing.com – European gas prices extend gains to 50% on QatarEnergy halt – https://www.investing.com/news/commodities-news/european-gas-prices-could-jump-130-on-hormuz-disruption-goldman-estimates-453426 (truncated link in tool output)​

Firstpost – European gas could surge 130% if Hormuz shuts for a month – https://www.firstpost.com/business/european-gas-could-surge-130-if-hormuz-shuts-for-a-month-goldman-warns-13985301.html​

Bloomberg – Goldman Says European Gas Could Jump 130% on Hormuz Disruption – https://www.bloomberg.com/news/articles/2026-03-01/goldman-says-european-gas-could-jump-130-on-hormuz-disruption​

Ukrainian National News (UNN) – Gas prices in Europe rose by 25% and could increase by 130% due to the Iranian crisis – https://unn.ua/en/news/gas-prices-in-europe-rose-by-25percent-and-could-increase-by-130percent-due-to-the-iranian-crisis-media​

President Trump Raises 25% Tariff on all Aluminum and Steel Imports – Miller Johnson – https://millerjohnson.com/publication/trump-raises-25-tariff-on-all-aluminum-and-steel-imports/​

Sandler, Travis & Rosenberg – Section 232 Tariffs on Steel & Aluminum – https://www.strtrade.com/trade-news-resources/tariff-actions-resources/section-232-tariffs-on-steel-aluminum​

White House – Adjusting Imports of Aluminum and Steel into the United States – https://www.whitehouse.gov/presidential-actions/2025/06/adjusting-imports-of-aluminum-and-steel-into-the-united-states/​

White & Case – President Trump orders narrowly targeted 25% Section 232 tariff on certain advanced semiconductors – https://www.whitecase.com/insight-alert/president-trump-orders-narrowly-targeted-25-section-232-tariff-certain-advanced​

Wikipedia – Timeline of the 2025–2026 United States trade war with Canada – https://en.wikipedia.org/wiki/Timeline_of_the_2025%E2%80%932026_United_States_trade_war_with_Canada​

Argus Media – Nucor increases HRC spot price by $5/st – https://www.argusmedia.com/en/news-and-insights/latest-market-news/2671047-nucor-increases-hrc-spot-price-by-5-st​

Argus Media – Tariffs, demand boost US steel outlook: Nucor – https://www.argusmedia.com/en/news-and-insights/latest-market-news/2781160-tariffs-demand-boost-us-steel-outlook-nucor​

Nucor – Nucor Reports Results for the Second Quarter of 2025 – https://nucor.com/news-release/nucor-reports-results-for-the-second-quarter-of-2025-122976​

YouTube – $NUE Nucor Q4 2025 Earnings Conference Call – https://www.youtube.com/watch?v=n8cVkdmGoKY​

YouTube – Nucor Corporation Q4 2025 Earnings Call – https://www.youtube.com/watch?v=iE0jmUenHBE​

Investing.com – Earnings call transcript: Nucor Q4 2025 results miss forecasts, stock dips – https://www.investing.com/news/transcripts/earnings-call-transcript-nucor-q4-2025-results-miss-forecasts-stock-dips-93CH-4468117​

The Conference Board – US Consumer Confidence Inched Up in February – https://www.conference-board.org/topics/consumer-confidence/​

PR Newswire – US Consumer Confidence Inched Up in February – https://www.prnewswire.com/news-releases/us-consumer-confidence-inched-up-in-february-302695754.html​

Verified Investing – US Consumer Confidence Index February 2026 – https://verifiedinvesting.com/blogs/us-economic-metrics/us-consumer-confidence-february-2026​

Reuters – US consumer confidence improves in February; cloud over labor market – https://www.reuters.com/world/us/us-consumer-confidence-improves-february-2026-02-24/​

The Conference Board Podcast – The State of the Economy for February 2026 – https://www.conference-board.org/podcasts/c-suite-perspectives/The-State-of-the-Economy-for-February-2026​

US Bureau of Labor Statistics – Producer Price Index News Release, January 2026 – https://www.bls.gov/news.release/archives/ppi_02272026.htm​

Reuters – US producer prices increase strongly in January – https://www.reuters.com/business/us-producer-prices-increase-more-than-expected-january-2026-02-27/​

Wall Street Journal – Wholesale Prices Accelerated in January, PPI Data Show – https://www.wsj.com/economy/central-banking/wholesale-prices-accelerated-in-january-ppi-data-show-0ef1ba02​

CNBC / Forex Factory (tool summary) – US Producer Price Index – January 2026 – https://www.forexfactory.com/news/1386081-us-producer-price-index-january-2026​

Chemanalyst – Hot Rolled Coils Price Trend, Chart, Index, News and Forecast – https://www.chemanalyst.com/Pricing-data/hot-rolled-coil-1363​

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