Key Takeaways

• Nucor kept its CSP HRC base price unchanged this week even as coated steel availability tightened to a level not seen in more than two years, a combination that points buyers toward one clear procurement decision.
• Raw material inputs settled into a neutral posture across scrap, iron ore, and coking coal, but one consuming-market indicator moved in a direction that changes the near-term risk calculus for anyone holding orders open.
• A sharp monthly drop in inflation data appeared to hand buyers a favorable rate outlook, yet a development after the measurement window may have already reversed the story the numbers tell.

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