HRC price is stable in the US market
Views : 132
Update time : 2025-06-25 17:20:24
The price of hot-rolled coil (HRC) in the US market is stable, and downstream manufacturers only purchase per their demand, and the spot market is quiet.
With the support of a steel import tariff of 50%, local mills are confident and stick with current offers, but market participants believe that weak demand cannot support high prices. Most distributors are pessimistic about the future situation, and regular delivery at present only takes 3-4 weeks, which clearly reveals sluggish demand.
However, the confidence of local mills mainly comes from actual demand of the automotive industry and OEM sectors, and there is a 50% import tariff protection, plus the downstream inventory is already low. Steel mills are optimistic about the future replenishing effect.
