Tag: Hot-Rolled Coil

Sheet and plate prices were flat or lower again this week on continued concerns about demand and higher production rates among US mills.

The price spread between prime scrap and hot-rolled coil (HRC) narrowed in August, according to SMU’s most recent pricing data.

All five of SMU's steel sheet and plate price indices declined this week, falling to lows last seen in February.

Nucor has implemented a double-digit price decrease on spot hot-rolled (HR) coil for the second consecutive week.

Following January’s pre-tariff surge, imports have remained low since February compared to post-pandemic volumes

Mill production times for sheet products are holding just above multi-year lows, while plate lead times remain elevated.

Most steel buyers continue to report that mills are open to negotiating spot prices. Negotiation rates have remained high for most of the past three months.

Sheet and plate prices were either flat or modestly lower this week on softer demand and increasing domestic capacity.

Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil was adjusted $10 per short ton (st) lower this week after holding steady last week.

Hot-rolled (HR) coil prices in the US edged lower again this week, while offshore price were little changed. Stateside prices continue to trail imports from Europe, supported by Section 232 steel tariffs.

Sheet prices slipped again this week amid discounting from certain mills and ongoing concerns about demand.

Steel mill lead times on sheet products contracted across the board this week compared to early July, while plate production times moderately extended, according to steel buyers responding to this week’s market survey.

After a period of backwardation driven by headlines and CRU index anchoring, the CME HRC curve structure has undergone a notable shift.

Steel prices continued to decline this week across all of the sheet and plate products tracked by SMU, pressured by short lead times and the typical summer slowdown.

Nucor is lowering its list price for spot hot-rolled coil for the first time since May 27.

Stateside prices continue to trail imports from Europe, supported by Section 232 steel tariffs that were doubled in early June.

US sheet and plate prices were flat or lower as reduced import volumes were offset by so-so demand.

Nucor is holding its list price for spot hot-rolled coil at $910 per short ton (st), unchanged since June 30.

The price spread between prime scrap and hot-rolled coil widened marginally again in July.

Mill lead times for sheet products were steady to slightly longer this week compared to our late June market check, while plate lead times contracted, according to steel buyers responding to this week’s market survey.

Hot-rolled (HR) coil prices in the US ticked down this week but have fluctuated little over the past month. Stateside tags continue to trail imports from Europe, supported by Section 232 steel tariffs that were doubled in early June.

Domestic mills are more open to talk price on new orders than they were in June, according to most steel buyers responding to our market survey this week. Negotiation rates have recovered from the early-June lull and are now just a few percentage points shy of the high levels seen late last year.

Sheet and plate prices slipped this week on so-so demand, sideways scrap prices, and chatter that certain mills were making unsolicited calls looking for tons.

Nucor is keeping its list price for spot hot-rolled coil unchanged after last week’s shortened holiday week.

I’m not sure how many different ways I can write that it’s been a quiet market ahead of Independence Day. There are variations on that theme. I’ve heard everything from the ominous “eerily quiet” to "getting better" and even the occasional “blissfully unaware” (because I’m enjoying my vacation).

We can interpret that managed money still has expectations of price strength while physical participants are running closer to a balance on a net basis.

Steel sheet buyers report feeling bogged down by the ongoing stresses of stagnant demand, news fatigue, tariff negotiations or implementation timelines, and persistent macroeconomic uncertainty.

Cliffs has idled facilities in Riverdale, Ill., and Conshohocken and Steelton, Pa.

Nucor has raised its weekly spot price on hot-rolled coil by $10 per short ton after holding it steady last week.

Following the uptick seen two weeks ago, lead times eased this week for all four sheet products tracked by SMU, while plate lead times held steady, according to this week’s market survey.