Hot rolled steel prices in the US rose as early as Wednesday, as prices continue to rise at US mills, according to market sources.
The demand for hot rolled steel (HRC) is strong, but there are currently enough trade measures to scare most importers from the US market.
With strong demand from the energy industry and buyers looking to maximize purchasing contracts, HRC averages jumped at several factories, which were rumored to be filling until March. The average current lead time for rolled metal products was 8.08, up from 6.13 weeks in January.
HRC's order fulfillment is tough in US factories but depends on the site, a source from the service center said. Booting appears to be more common in integrated factories, he said.
Hot rolled steel prices continue to rise in the US
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