Analysis

February 20, 2026
Coil sources: Weekly spot orders slip, mill price hikes go unfelt
Written by Kristen DiLandro
Participants in the domestic sheet market say they experienced lighter inquiries and fewer orders than in previous weeks, rendering domestic mill price increases for spot-market hot- and cold-rolled coils irrelevant.
Unanimously, sources find themselves scratching their heads as to why the market suddenly slowed after weeks of consistent activity. They agreed, when asked, that price increases from mills have not factored much into their week because the rate of orders has slowed too much to assess.

