Published by:Robert England<>
11 Jun 2025 @ 20:11 UTC

Midwest hot-rolled coil prices moved marginally lower on Wednesday June 11, as buyers continued to shut out import offers to purchase hot band from domestic mills a week after Section 232 tariffs were doubled to 50%. Fastmarkets’ daily steel hot-rolled coil index, fob mill US Midwest was calculated at $43.88 per hundredweight ($877.60 per short ton) on Wednesday, down marginally from $43.91 per cwt on Tuesday, but up by 1.46% from $43.25 per cwt a week earlier on June 4.
Inputs were collected in the buyer sub-index in the range of $40.50-45.00 per cwt, representing offers and general assessments of the spot market.
An input in the seller sub-index was rolled over due to a lack of liquidity.
Heard in the market With imports increasingly priced out of the market, domestic mills have increased production to expand supply.
Demand has softened but remains steady, sources said.
Buyers are expecting demand to pick up in the fourth quarter with a potential uptick in orders for September delivery, a distributor said.
Lead times have been shortened to a range of three to five weeks.
Quote of the day [Mill] order books are softer, [and] it appears the steel mills are pulling up production schedules, a steel buyer said. I guess this explains the uptick in the domestic steel production report [from the American Iron and Steel Institute].