US hot-rolled coil (HRC) prices remained unchanged. Demand in the market is weak, and spot purchases continue to be limited to small quantities. Offers were reported in the $760–875/st EXW range, while scrap prices are expected to remain flat or show slight declines in September.
US Indiana EXW-based HRC prices saw offers around $840/st and bids around $760/st. Excess import supply and weak demand are weighing on prices, but upcoming mill maintenance shutdowns and potential restocking could help stabilize the market.
In the scrap market, end-of-month cancellations are increasing. Some steelmakers have low demand and scheduled maintenance in September. Prime scrap faces downward pressure, while other grades remain relatively stable. Across the US, more than 10 mill maintenance outages may reduce some demand but could limit further declines in HRC prices.
Regionally, Midwest and Southeast shredded scrap prices remained flat, while Ohio Valley prices fell slightly. Market participants continue to monitor supply and demand dynamics closely.
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