United States | Hot-Rolled Coil: Midwest HRC Reaches Highest Price Since May 2022

The US Midwest HRC index increased to $62.13 per hundredweight, equivalent to $1,242.60 per short ton.
The index rose by 2.36% week on week and reached its highest level in more than four years.
Buyers reported extremely limited spot availability, with some unable to obtain quotations from domestic mills.
Stronger-than-expected demand and scheduled mill maintenance outages further tightened market supply.
Market participants expect prices to remain supported by tight inventories, energy costs and Section 232 tariffs.