Published by:Chris Kavanagh<>
9 Jun 2025 @ 21:13 UTC

Hot-rolled coil prices in the US Midwest reached $875 per short ton on Monday June 9, as steel mills have elevated offering prices in response to the newly implemented 50% Section 232 steel and aluminium tariffs. Fastmarkets’ daily steel hot-rolled coil index, fob mill US Midwest was calculated at $43.75 per hundredweight ($875 per short ton) on Monday, up by 0.57% from $43.50 per cwt on Friday June 6 and up by 1.16% from $43.25 per cwt a week earlier, on June 2.
Inputs were collected in both the buyer and seller sub-indices in a range of $43.00-44.50 per cwt, representing offers and assessments.
Heard in the market Nucor increased its weekly consumer spot price announcement on Monday to a base price of $44.50 per cwt ($890 per ton) for the steelmaker’s hot-roll products for the remainder of this week, up by 2.30% from $43.50 per cwt ($870 per ton) the previous week.
Although steel mills have begun to elevate offers in response the implementation of 50% Section 232 tariffs on steel and aluminium on Wednesday June 4, demand continues to be hindered by market uncertainty, sources said.
Trade policy uncertainty continues to cloud the market, limiting spot market buying interest, sources said.
Lead times are three to five weeks, according to sources.
Quote of the day The trade policy of the Trump administration is creating too much uncertainty and confusion. As a result, demand remains soft or declining, a trader source said.