HRC's technical range is now the practical procurement guide. Futures are above $1,100/st, and the broader benchmark sits near $1,200/t.
The range is supported by domestic tightness. Mill utilization is above 80%, and imports remain structurally constrained by tariffs and quotas.
Demand is mixed. Worldsteel projects U.S. apparent steel demand growth of 1.7% in 2026, but automotive is stable rather than a strong upside driver.
For buyers, the range gives a rule. Add coverage near the lower end, but avoid overbuying near the upper end unless mill lead times or import constraints tighten further.
What this means for buyers
Use $1,100-$1,200/st as the hedge window. Scale purchases and watch mill lead times as the confirmation signal.