Due to limited supply in the domestic market, US’ hot-rolled coil (HRC) prices rebounded from the previous week.

A winter storm attacked the US and Mexico for a week, which severely impacted the supply in the two countries. Moreover, the storm also brought a shortage of natural gas and power supply, which restricted the Mexican steel industry’s operations.

According to market participants, the spot stocks for April have almost used up due to lower production caused by the winter storm.