Reportedly, the import prices of hot rolled coils (HRC) have surged to US$800/ton CNF in Latin America and the Middle East.

For Latin America, it’s known that its HRC prices are related to the US domestic market since the US steelmakers are main suppliers of HRC to Mexico and elsewhere in Latin America.

It’s known that the US current prices of HRC are at US$780~US$800/ton; moreover, some integrated steelmakers have planned to increase the prices further to the level of US$870/ton for March shipments.