Nucor has announced a $10 per short ton decrease in its published price for hot rolled coil (HRC), marking the first price reduction in 15 weeks. The new base price for HRC is now set at $720 per short ton, down from $730. This adjustment reflects ongoing challenges in the steel market, where prices have been fluctuating due to reduced demand and oversupply. Nucor's decision comes amid a broader trend of price corrections within the industry as major producers respond to changing market conditions.