HRC vs. prime scrap spread widens in June
The price spread between HRC and prime scrap widened in June.
Interactive Pricing Tool – Steel and Scrap Prices
Welcome to Steel Market Update’s Interactive Pricing Tool, your trusted source for market pricing of flat-rolled steel products. Access the Interactive Pricing Chart to view current market prices for hot rolled, cold rolled, galvanized, Galvalume, plate, heavy metal scrap, shredded scrap, and #1 busheling scrap.
Customize the chart to compare multiple products and pricing against proprietary SMU data. Stay informed and make informed decisions in the steel market with ease and precision.
Related Content
Ferrous scrap pricing sideways in June
Ferrous scrap prices in the US have remained stable from May to June.
CRU Insight: A 50% S232 tariff will raise US steel prices and shift trade flows
This CRU Insight examines how the increase in Section 232 tariffs on steel to challenging levels will lead to significatively higher prices for end consumers in the US market.
Final Thoughts
Tariff-related noise aside, there is one basic factor keeping buyers on the sidelines. Despite recent declines, HR prices remain at historically high levels. And there is no obvious support to keep them there.
HR Futures: Market at crossroads after turbulent run
The market appears to be pausing after a turbulent run. But tension remains just beneath the surface. With net long positioning still elevated, sentiment-driven selling could quickly reignite volatility. Still, supply constraints and limited imports are laying the groundwork for a resilient physical market. This moment of calm feels more like a crossroads than a conclusion.
Final Thoughts
Nearly 50% of respondents to our latest survey thought hot-rolled coil prices have already peaked. And where will those prices be two months from now? Responses were decidedly split on that question.