Report Period: June 3 – June 10, 2026

📌 Core Insights Snapshot (Full Version Contains 8–10 Detailed Bulletins)

HRC Rally Re-Accelerates — 20th Consecutive Weekly Increase. Nucor raised its CSP $20/st to $1,115/st on June 8, the largest single increment since April. West Coast CSI surged $25/st to $1,165/st. The brief late-May consolidation was a tactical pause, not a peak.
CME Futures Signal $1,190/st by August.** June futures settled at **$1,126/st on June 3, while August and September contracts surged toward $1,190/st** — a **$64–65/st premium over current spot. This steep contango indicates the market expects sustained summer tightness.
Production Holds Near Four-Year High — 81.3% Utilisation. AISI reported 1,877,000 st of raw steel output for the week ending June 6, up 5.3% YoY. Year-to-date production of 40.69 million st is up 6.4% YoY, yet spot lead times remain at 8–9 weeks.
Section 232 Threshold Drops from 95% to 85% for 10% Reduced Rate. Effective June 8, products with ≥85% US-origin metal now qualify for the preferential 10% tariff. Agricultural/HVAC equipment moved to a 15% floor tariff, and steel racks were newly added at 25%.
Long Products Join the Rally Decisively. Rebar surged to $1,025–1,055/st**, while Gerdau announced **$40–80/st increases on structural sections. Canada´s CITT extended rebar AD/CVD orders on China, Korea, and Turkey for another five years.

💰 Price Snapshot (Abbreviated)

Product This Week Trend Source
US Midwest HRC (SMU avg) $1,105/st** ▲ SMU, Jun 2
Nucor CSP HRC **$1,115/st ▲ Nucor, Jun 8
CME HRC Aug 2026 Futures $1,190/st** ▲ CME, Jun 3
US Midwest CRC (est.) **$1,320–1,370/st ▲ Industry est.
US Rebar (FOB mill, est.) $1,025–1,055/st ▲ Industry est.
Baltic Dry Index 2,818 ▼ Baltic Exchange, Jun 9

💡 Sample Actionable Advice

For Procurement Managers:
✅ Lock Q2–Q3 flat-rolled requirements immediately. Nucor´s $20/st increase and CME August futures at $1,190/st — a $64–65/st premium to spot — signal further increases are priced in. Spot lead times of 8–9 weeks mean orders placed now deliver into August pricing. The 85% US-origin threshold for the 10% Section 232 rate opens new compliance pathways — recalculate your supply chains now.

For Export Sales Managers:
✅ Quote aggressive CFR US with transparent compliance documentation. The re-acceleration and CME futures at $1,190/st are reopening the import conversation at scale. The Section 232 threshold reduction creates a competitive differentiator — exporters with ≥85% US-origin metal content can offer buyers a 10% rate instead of 25%. The BDI at a multi-week low provides a freight tailwind for CFR pricing.

Unlock the Full Report to Access:

Complete pricing tables for HRC, CRC, HDG, Plate, Rebar, OCTG and Billet across the US, Canada, and Mexico
In‑depth analysis of the CME futures curve and what it signals for Q3 pricing
Full breakdown of the June 8 Section 232 framework adjustments and their compliance implications
Canada CITT rebar AD/CVD extension and Mexico´s expanding trade defense measures
Detailed supply‑side analysis: AISI production data, mill lead times, and scrap market dynamics
Week‑on‑week comparison of all key metrics against the prior May 27 – June 3 period
Exclusive “Buy/Sell/Hold” recommendations for 8 product categories

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