Argus US HRC
Overview
Hot-rolled coil (HRC) is the predominant finished steel form in the US domestic and global steel industry, and the foundation for many steel-based industrial products.
Significant liquidity in the HRC market, along with HRC’s importance as a raw material for manufacturers, make this a critical material that requires accurate and timely spot pricing and analysis.
The Argus HRC price assessment is published weekly on Tuesday to provide an assessment that captures the maximum liquidity and provides a timely reaction to spot market fluctuations.
The Argus US HRC price can be accessed through the Argus Metals online platform and can be analysed alongside raw material costs for electric arc furnace or blast furnace-based steel production in the Argus Ferrous Markets and Argus Scrap Markets daily services.
US HRC specifications
| Grade | Prime quality |
| Quality | ASTM A1011 CS Type B 100-1,000st. minimum order size |
| Gauge | 48-72 inch width and 0.083-0.501 inch thickness |
| Location | Midwest and south |
| Timing | 2-10 weeks shipment |
| Assessment frequency | Weekly (Tuesday) |
| Measure | $/st |
Price assessment details
What are the advantages of the Argus US HRC price assessment?
Argus’ steel coverage includes analysis of the correlations and spreads between raw material costs and the price of finished goods. Those data points are then published as calculated mill spreads for core steelmaking regions across the globe.
The HRC price assessments, alongside mill spreads and lead times, provide a complete picture of steel mill production activity to help you understand the buying and selling patterns of the steel market.
Argus’ methodology is proven, robust and created to suit the needs of the modern metals industry. With a large, dedicated global team of experts, we ensure the highest quality in price assessments and deliver actionable market news and commentary.
Explore the Argus Ferrous Markets service for trusted and unbiased commodity price data from across the ferrous supply chain.
How is this assessment used?
HRC is the most actively traded steel material and is used in a variety of manufacturing processes, making the weekly HRC price a trusted barometer for the health of the industry as whole.
Companies active in the physical spot market for HRC include mills, service centres, trading firms and a variety of consumers across the construction, pipe-making and white and yellow goods sectors, among others.
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