en.Wedoany.com Reported - Nucor Corporation (NYSE: NUE), the largest steel producer in the United States, raised its consumer spot price (CSP) for hot-rolled coil by $5 to $1,130 per short ton in late June 2026. The price adjustment covers all regional mills and marks the twenty-third consecutive weekly increase. Nucor's West Coast joint venture, California Steel Industries (CSI), also raised its price by $5 to $1,180 per short ton. Nucor attributed the price hike to strong domestic demand and a continued decline in steel imports.

Founded in 1958 and headquartered in Charlotte, North Carolina, Nucor is the largest and most diversified steel and steel products producer in North America, as well as the largest recycler in the United States. The company was listed on the New York Stock Exchange in 1972 under the ticker symbol NUE, with operations spanning three segments: steel mills, steel products, and raw materials. It produces carbon steel sheet, bar, steel joists, and other products, ranking among the top two in market share across 11 industry sectors in North America. California Steel Industries is a joint venture between Nucor and Japan's JFE Steel Corporation, with Nucor holding a 51% controlling stake and an annual finished steel capacity of 2 million short tons.

Since June 4, 2025, the United States has raised the additional tariff on imported steel and aluminum products from 25% to 50% under Section 232 of the Trade Expansion Act of 1962. This measure has led to a 30.1% decline in U.S. imports of iron ore and steel, while domestic production increased by 6%. The combination of reduced imports and domestic demand has driven the expansion of the U.S. steel market and sustained price increases. Nucor expects domestic steel consumption to remain flat or grow by 2% in 2026, with shipments projected to increase by more than 5%. As of June 24, 2026, Nucor's market capitalization stood at approximately $54.57 billion.

The continued rise in Nucor's hot-rolled coil prices reflects a tight supply situation in the U.S. steel market, driven by the combined effects of import restrictions and strong demand. The import tariff policy has effectively supported the pricing power of domestic steel mills, while also pushing up raw material costs for downstream manufacturing industries.

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