Trade policy is a major support for U.S. HRC. Supply Chain Dive reported 2026 steel imports down about 30% as tariffs bolster domestic production.
Import permits are not zero, but they are not enough to loosen the market. March applications were 1.77 million net tons, up month over month but still below prior-year levels.
Domestic mills are filling the gap. AISI data showed week-ending June 6 raw steel output at 1.877 million net tons and utilization at 81.3%, the highest since 2020.
For procurement, the trade signal is clear: import options exist, but tariffs and limited landed tons keep the domestic price floor elevated.
Use import quotes as a negotiation tool, but do not assume they will clear quickly. Tariffs and quotas keep domestic HRC supply tight.