American Metal Market’s hot-rolled coil index
rose to $43.21 per hundredweight ($864.20 per ton) on Thursday April 26, up 0.5% from $42.99 per cwt ($859.80 per ton) previously and up 32.4% from $32.63 per cwt ($652.60 per ton) at the beginning of the year.
Lead times continue to average six to eight weeks. Market participants broadly agreed that spot deals have stalled ahead of Tuesday May 1.
Certain exporters had been granted temporary exemptions from the Section 232 tariffs while negotiations with individual countries were conducted. Those exceptions are set to expire on May 1, and - other than one agreement...