Key Takeaways

• The weekly CSP HRC base price moved higher again, and the premium at the West Coast location has stretched further beyond the range buyers have long treated as normal. The paid section quantifies the new spread and what it changes for Western sourcing.
• California is closing in on its first new steelmaking operation in more than five decades, and the raw material it will consume points to a quiet shift in West Coast supply dynamics that flat-rolled buyers should not ignore.
• Automotive assemblies have now declined for several consecutive months, and one inventory split between automakers signals which flat-rolled customers are most likely to trim orders first.

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