Hot Rolled Coil Steel Prices Update
HRC references hot rolled coil steel. This method of steelmaking produces a highly versatile product.
HRC steel is used to construct shipping containers, automotive wheels, steel racks, oil and gas pipeline, and more. Because of hot rolled steel’s many uses, a recent increase in price has caused some concern.
Mills both domestic and abroad are adjusting quotes on their HRC supplies. This is in response to shortages and tightened availability. Recently, prices for hot rolled steel sheet have risen to $700/st as purported by multiple mills. Should prices continue to slowly elevate, there may be significant impact throughout the industry, due to HRC’s popularity.