Published by:Melissa VanDervort<>
1 May 2025 @ 20:53 UTC

Hot-rolled coil prices in the US Midwest ticked up on Thursday May 1, with sources reporting continued light trading and average demand in the hot-rolled market.

Fastmarkets’ daily steel hot-rolled coil index, fob mill US Midwest was calculated at $46.88 per hundredweight ($937.60 per short ton) on Thursday, up by 0.28% from $46.75 per cwt on Wednesday April 30 but down by 2.94% from $48.30 per cwt a week earlier, on April 24.
Inputs were collected in the range of $46.00-47.25 per cwt, representing offers and assessments of the general spot market.
Inputs were rolled over in the seller sub-index due to a lack of liquidity.
Heard in the market Spot trading in the hot-band market continued to be limited, with stable demand reported, sources told Fastmarkets.
A distributor source said they are currently purchasing material on an as-needed basis, in an effort to reduce inventory and monitor near-term price trajectory in the hot-rolled market.
Lead times were reported at four to five weeks, according to sources.
Quote of the day [Demand is] definitely sideways to slightly down, from what we have heard. Orders [are] steady, but still lower than last year, the distributor said.