The price of hot-rolled coil (HRC) in the US market is stable, and the current upward trend is expected to slow down. Because of the uncertainty of import tariffs and the off-season, the deal price of general orders is lower than the local mills’ offer. 

One service center mentioned that if the order quantity reaches a certain quantity, the local mills' discount will be very attractive, which also reveals potential problems, including limited orders and insufficient demand. 

In fact, downstream manufacturers delay new purchases and reduce inventory, indicating that the market stock is sufficient. 

Market participants are pessimistic about the future situation and are also concerned that Canada and Mexico may be exempt from US steel and aluminum tariffs, with adjusted rates back to 25% or even completely exempting them.