Report Period: June 17 – June 24, 2026
Coverage: United States | Canada | Mexico

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

SMU HRC Average Surges $30/st to $1,145/st — Largest Single-Week Jump of the 2026 Rally. The spot range shifted sharply to $1,120–1,170/st, the highest since April 2023. Spot availability has become “almost theoretical” — some mills have closed July order books without opening August.
Nucor Extends Historic Streak to 23rd Consecutive Weekly Increase. CSP HRC rose $5/st to $1,130/st effective June 22. West Coast CSI reached $1,180/st. Cumulative gain since January 20 now totals $380/st, yet the measured pace contrasts with the spot market’s physical scarcity.
**CRC, HDG Surge as Spreads Widen to ~$200/st.** CRC jumped $25/st to $1,360/st; galvanized base rose $15/st to ~$1,360/st. Mills continue to successfully widen value-added premiums while lead times extend to 7–12 weeks.
USMCA Second Bilateral Round Completed; July 1 Virtual Trilateral Confirmed. Mexico and the US advanced rules of origin negotiations June 15–17. Economy Minister Ebrard confirmed a July 1 virtual meeting for each country to present its position. A third round is set for Mexico City on July 20.
Mexico CRC AD/CVD Preliminary Determination Imminent. Investigation covers cold-rolled steel from the US, China, and Malaysia. A binary catalyst for North American CRC trade flows — potential provisional duties could disrupt cross‑border supply chains within days.

💰 Price Snapshot (Abbreviated)

Product This Week Trend Source
US Midwest HRC (SMU avg) $1,145/st** ▲ SMU, Jun 23
Nucor CSP HRC **$1,130/st ▲ Nucor, Jun 22
US Midwest CRC (SMU avg) $1,360/st** ▲ SMU, Jun 23
US Midwest HDG (SMU avg) **~$1,360/st ▲ SMU, Jun 23
AISI Capacity Utilisation 80.2% ▼ AISI, Jun 22
Baltic Dry Index 2,684 ▲ Baltic Exchange, Jun 22

💡 Sample Actionable Advice

For Procurement Managers:
✅ Lock Q3 flat‑rolled requirements immediately — availability is now a greater risk than price. SMU HRC jumped $30/st in a single week to $1,145/st. Some mills have closed July order books without opening August. Lead times stretch to 5–10 weeks for HRC and 7–12 weeks for CRC. The primary risk is being unable to source tons at any price.

For Export Sales Managers:
✅ **Quote aggressive CFR US — the theoretical import arbitrage has widened to $278/st below domestic.** Asia‑origin HRC at $508/st FOB lands at ~$852/st after 50% tariff and freight. US buyers facing physical scarcity are exploring import options at scale for the first time since April. Transparent Section 232 compliance documentation is your competitive differentiator.

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 physical scarcity dynamic and what it signals for Q3 pricing
Full breakdown of the USMCA second round outcomes and scenario analysis for the July 1 virtual meeting
Mexico CRC AD/CVD preliminary determination impact assessment
Detailed supply‑side analysis: AISI regional production, mill lead times, order book status, and scrap market dynamics
Week‑on‑week comparison of all key metrics against the prior June 10–17 period
Exclusive “Buy/Sell/Hold” recommendations for 8 product categories

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