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This week, the US hot coil SA737 Grade B steel market was affected by poor demand from downstream customers, mainly due to the impact of tariffs, resulting in insufficient customer orders and poor spot transactions.
The current SA737 Grade B steel factory delivery price of hot-rolled coils in the United States is $920 per short ton. With increasing uncertainty and the fact that new production capacity has basically peaked, it is expected that spot prices will continue to decline. Traders in the Midwest and East Coast of the United States SA737 Grade B steel have more inventory, and due to the current market uncertainty, prices may not be boosted.
