4.28 SMM Global Steel Daily Report

Published: Apr 28, 2026 18:04

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SMM News Flash: [U.S.] Nucor has raised its hot-rolled coil (HRC) offer by 10 USD/tonne to 1,065 USD/tonne, while California Steel Industries (CSI) is offering at 1,115 USD/tonne. This round of increases is driven by tight spot supply, as maintenance outages and delivery delays have limited availability. Lead times remain at 3–5 weeks, but buyers are finding it increasingly difficult to secure material and are relying more on limited spot resources, which continues to support stronger prices.

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