Tag: Cold-Rolled Coil

Sheet prices were mixed this week after trending lower for most of July and earlier in August. SMU’s average hold-rolled coil (HRC) price slipped to $750 per ton.

Though steel prices continue to drop, more buyers are holding off on finalizing transactions.

Mill lead times for most sheet products this week were basically flat compared to SMU's market check two weeks ago. Those for plate shortened once again.

Sheet prices slipped again, continuing a trend of lower week-over-week tags that began in mid-July.

Sheet prices slipped for the third consecutive week on continued discounts from certain mills for larger buyers.

Hot-rolled coil (HRC) prices fell for a second consecutive week as mills appear to have given up holding the line on $900 per ton ($45 per cwt) and amid discounting into the high $700s per ton.

Hot-rolled coil (HRC) prices fell for a second consecutive week as mills appear to have given up holding the line on $900 per ton ($45 per cwt) and amid discounting into the high $700s per ton. SMU’s average HRC price now stands at $830 per ton, down $40 per ton from a week ago and marking […]

Sheet prices slipped by $20-25 per ton as hot-rolled coil (HRC) failed to break through the $900 per ton threshold some market participants had predicted it would. SMU’s average hot-rolled coil (HRC) price stands at $870 per ton ($43.50 per cwt), down $20 per ton from a week ago. Numbers at or around that figure […]

Sheet prices slipped by $20-25 per ton as hot-rolled coil (HRC) failed to break through the $900 per ton threshold some market participants had predicted it would.

Sheet prices inched up this week on less discounting from major mills and on expectations that activity could improve in the coming weeks as OEMs return to the market following widespread summer shutdowns in early July. SMU’s hot-rolled coil price stands at $890 per ton ($44.50 per cwt), up $10 per ton from last week […]

Sheet prices were little changed this week amid typically slower activity around the Fourth of July. Market participants said that another round of sheet price hikes might come later this week or early next to shore up an initial round of price increases announced in mid-June. In the meantime, some of the heavy discounting that […]

A round of price increases announced by domestic mills in mid-June appears to have stabilized pricing for hot-rolled coil for the time being. Meanwhile, rumors of another round of price hikes ping-ponged around the market on Tuesday, with sources predicting another wave of hikes sometime between this week and mid-July. SMU’s average HRC prices stands […]

Sheet prices fell at a more modest pace this week after a sharp decline last week, as business seemed somewhat curbed. After Memorial Day prices fell, leading to the sharpest price drop since June 21, 2022. Now, the slide seems to have temporarily cooled, though sources indicated it was almost exclusively due to a lack of activity. SMU’s hot-rolled […]

Domestic hot-rolled coil prices are down $55 per ton ($2.75 per cwt), the sharpest such decline we’ve seen all year. If this feels like an echo of June 2022, that’s because it is. Check out the chart below: A year ago, prices were falling hard as the shock of the war in Ukraine faded along […]

Sheet prices fell hard across the board this week as business ramped back up after Memorial Day. Recall that prices were steady last week largely because of a lack of activity following the holiday. SMU’s hot-rolled coil price now stands at $935 per ton ($46.75 per cwt), down $55 per ton a week ago and […]

Sheet prices were flat or down only modestly this week, the first period of relative stability since mid-April. But several market participants said the flattish trend reflected limited activity around Memorial Day rather than stability in the broader market. Mills remain willing to negotiate spot prices and to match lower prices from their competitors, some […]

An anticipated surge in flat-rolled steel imports due to higher domestic pricing has yet to be reflected in government data. For monthly imports, the International Trade Administration’s US Steel Import Monitor tracks license applications (a first look showing licenses to import but not necessarily the actual tonnages that entered during the month), a preliminary count, […]

SMU’s domestic hot-rolled coil price has fallen below $1,000 per ton ($50 per cwt) for the first time since early March as a broad-based sheet price decline picks up speed. Our HRC price now stands at $990 per ton on average, down $50 per ton from $1,040 per ton last week and off $170 per […]

Foreign cold-rolled coil remains much less expensive than domestic CRC even as prices in the US fall roughly in tandem with those abroad, according to SMU’s latest check of the market. Domestic CRC was, on average, $77 per ton ($3.85 per cwt) more expensive than imported steel in the four regions we track as recently as early February. […]

Prices for steel sheet continue to move lower as market participants debate how far and how fast prices might fall before they reach bottom. Some are also questioning when and how quickly prices might rebound. But most don’t see that happening until the back half of the year. SMU’s hot-rolled coil price has in the […]

Sheet price continued to decline this week on increased supply, shorter lead times, and aggressive pricing from some domestic mills. Also pressuring steel prices were expectations of lower scrap prices and import competition. SMU’s hot-rolled coil price now stands at $1,070 per ton ($53.50 per cwt), down $35 per ton from $1,105 per ton last […]

US hot-rolled coil prices slipped for a third consecutive week as market participants debated whether and when the declines might accelerate. Another big question: where the new floor for HRC might be? SMU’s hot-rolled coil price dipped to $1,105 per ton ($55.25 per cwt), down $15 per ton from last week and down $55 per […]

Sheet prices fell across the board this week on the heels of shorter lead times, higher-than-anticipated inventory levels, and potential import competition. Some market participants predicted that further declines would be “managed” by a more consolidated flat-rolled steel industry. Others said they feared that prices could come down quickly given how sharply they rose in […]

Drama surrounding AHMSA – Altos Hornos de Mexico, the largest integrated flat steel plant in Mexico – may finally be coming to an end as a bankruptcy now clears the way for new owners to restart the facility with fresh capital. Due to various issues, AHMSA stopped production in December 2022. This sudden closure caused […]

Hot-rolled coil prices edged downward for the first time since late November, according to SMU’s latest check of the market. The dip in HRC prices comes after we saw lead times contract slightly, an uptick in the number of mills willing to negotiate lower prices, and a modest increase in sheet inventories. SMU’s hot-rolled coil price […]

Hot-rolled coil prices marked a third consecutive week of very modest gains amid questions about whether the market was at or near a peak. Steel Market Update’s hot-rolled coil prices stands at $1,160 per ton ($58 per cwt), up $5 per ton from last week. HRC prices have risen only $20 per ton since March […]

Altos Hornos de México (AHMSA) is proceeding with a plan that would see the company sold to a group of investors, according to a filing with the Mexican Stock Exchange. Under terms of that deal, the Mexican steelmaker is expected to receive an initial infusion of $200 million to pay for working capital and labor obligations. AHMSA makes […]

Sheet prices moved slightly higher as domestic steelmakers held to previously announced price increases and as Cleveland-Cliffs rolled out another round of price hikes. Cliffs had been inching prices above $1,200 per ton ($60 per cwt) before the price hike was announced, some sources noted. It’s not clear whether other producers will follow Cliffs’ move. […]

The wide spread between foreign and domestic cold-rolled coil (CRC) prices remains in place despite recent price increases in Europe, according to SMU’s latest check of the market. Domestic CRC was, on average, $77 per ton more expensive than imported steel in the four regions we track as recently as early February. That premium has […]

SMU’s hot-rolled coil price posted its smallest week-over-week (WoW) price gain since mid-January. Some sources said the market might be at or near a peak. But others said it might be taking a break ahead of domestic mills rolling out another round of price hikes. Our average hot-rolled coil price stands at $1,145 per ton ($57.25 […]