The most commonly heard spot price transaction range for US domestic hot rolled coil (HRC) have firmed by $0.50 cwt ($11/mt or $10/nt) on the bottom end of the average spot market price transaction range since our last report a week ago, which brings current prices up to $31.50-$32.50 cwt. ($694-$717/mt or $630-$650/nt) ex-mill.
The uptick comes a little more than a week after US domestic flat rolled steel mills announced they would be raising prices by $1.50 cwt. ($33/mt or $30/nt), effective with all new orders.