Key Takeaways

• The published CSP HRC base moved higher again for the week of July 27th, extending a steady climb that tells buyers more about producer confidence than the size of the increase itself.
• A new Section 301 tariff action took effect Friday across roughly 99.4% of US imports and drew an immediate legal challenge, yet flat-rolled steel sits on the exemption list for a specific reason that determines whether buyers see any direct cost impact at all.
• Zinc closed the week at its highest level in nearly four years and freight reached a multi-year peak, and together they have shifted the number buyers must watch away from the hot-rolled base and toward other value added products.

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