Report Period: June 10 – June 17, 2026

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

HRC Rally Reaches 21st Consecutive Week. Nucor raised its CSP $10/st to $1,125/st on June 15, extending the historic streak. Cumulative gain since January 27 now totals $375/st**. West Coast CSI reached **$1,175/st. The pace returned to measured grinding higher after the prior week’s acceleration.
USMCA Negotiations Intensify in Washington. Mexico explicitly expects the US to reduce steel tariffs in talks this week, with both Canada and Mexico pushing for relief ahead of the July 1 review deadline — now just two weeks away. The outcome is binary: a deal that partially unwinds the tariff wall, or a breakdown that reinforces it.
Production Dips to Seven-Week Low. AISI reported raw steel production of 1,854,000 st for the week ending June 13, down 1.2% WoW, with capacity utilisation at 80.3% . All five regions declined. YTD output remains up 6.3% YoY at 42.5 million st.
Scrap Shows Tentative Softening at the Low End. Busheling scrap widened to $410–455/t** and shredded at approximately **$415/t, providing the first marginal cost-relief signal in weeks. The July scrap outlook remains sideways.
BDI Continues Retreat to 2,670 — Lowest Since Early May. The Baltic Dry Index has now declined approximately 14% from its late-May peak, easing ocean freight costs and modestly improving import competitiveness at the margin.

💰 Price Snapshot (Abbreviated)

Product This Week Trend Source
Nucor CSP HRC $1,125/st** ▲ Nucor, Jun 15
US Midwest HRC (SMU avg) **$1,115/st ▲ SMU, Jun 9
CME HRC Aug 2026 Futures ~$1,190/st ⏸️ CME/World Steel Dynamics
AISI Capacity Utilisation 80.3% ▼ AISI, Jun 15
Baltic Dry Index 2,670 ▼ Baltic Exchange, Jun 16

💡 Sample Actionable Advice

For Procurement Managers:
✅ Lock Q3 flat-rolled requirements now — the rally grinds toward $1,200/st and USMCA talks create a “buy before uncertainty resolves” incentive.** Nucor CSP at **$1,125/st and CME August futures at ~$1,190/st confirm further increases are priced in. Spot lead times of 8–9 weeks mean orders placed now deliver into August pricing. The Section 232 85% threshold for the 10% reduced rate is now fully operational — recalculate your supply chains for new compliance opportunities.

For Export Sales Managers:
✅ Target Canadian long product buyers aggressively — the CITT final rebar ruling expected June 17 will extend AD/CVD orders on China, Korea, and Turkey. This reinforces a structural import constraint. US exporters under USMCA have duty-free access. Non-affected origin exporters can capture market share being vacated by Asian suppliers facing trade remedy barriers. Position offers now ahead of the final ruling.

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 USMCA negotiation dynamics and scenario planning for the July 1 review deadline
Full breakdown of the Section 232 threshold adjustment and new compliance pathways
Detailed supply‑side analysis: AISI regional production data, mill lead times, scrap market dynamics, and port congestion updates
Canada CITT rebar ruling impact assessment and Mexico trade defense expansion
Week‑on‑week comparison of all key metrics against the prior June 3–10 period
Exclusive “Buy/Sell/Hold” recommendations for 8 product categories

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Disclaimer: This sample is for illustrative purposes. Full reports contain verified data from AISI, USITC, DOC, USTR, CRU, Fastmarkets, SMU, Mysteel, CME, Baltic Exchange, and government sources.