Stability Maintained in the U.S. East Coast Hrc market

The U.S. East Coast Hrc  market remains stable, surpassing the $910/st level despite expectations of increased supply. Updated spot market indicators show that HRC prices are fluctuating within the $910-935/t range, with an increase of $15-20/t over the past week.
Nucor’s decision to raise its Hrc base prices to $915/st supports the market’s positive outlook, while offers remain stable despite irregular tax and sanction policies imposed on importing countries. The current increase in offers has exceeded $150-170/st within the month.
On the other hand, the speculative market anticipates a more moderate upward trend in prices in the near term. While April futures are not expected to exceed $914/st, May Hrc  contracts have lost more than $50/st over the past two weeks, declining to $890/st.