According to the most recent data from the US Department of Commerce, Enforcement and Compliance, in the month of June, the US imported 253,892 mt (license data) of hot rolled coil (HRC) from global suppliers, which reflects at 72,674 mt dip from June 2015, when the US imported 307,566 mt (census data.)
At current, US market players continue to look to August 5, when the final determinations in the antidumping/countervailing duty case will be announced.
Trader sources say they continue report that the US sales price for import HRC from Turkey, Korea and Argentina is trending at approximately $26-$28 cwt. ($573-$617/mt or $520-$560/nt); domestic spot market prices are unchanged in the past week and continue to trend in the approximate range of $31.00-$31.25 cwt. ($683-$689/mt or $625-$630/nt), ex-Midwest mill. As with last week, sources continue to report that there are still “some quiet deals happening at the $30 level.”