Key Takeaways

• Nucor set its CSP hot rolled coil base price at $1,055 per net ton for the week of April 20, 2026, with a premium mill site priced at $1,105 per ton, marking a clear upward shift in domestic steel price sentiment.
• Domestic raw steel production reached 1,843,000 net tons in the week ending April 11, 2026 – the highest weekly output since November 2021 – while capacity utilization climbed to 79.8%, up from 75.0% a year earlier.
• Revised Section 232 tariffs effective April 6, 2026 have raised the landed cost of imported steel and steel-containing products, reducing the competitive pressure that offshore supply once provided to domestic buyers.

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