Key Takeaways

• The CSP HRC base price moved higher for the week of July 13, ending two straight weeks of pauses and confirming that backlog and lead times support continued increases. What the pause revealed about mill order books matters far more than the size of the move itself.
• Flat-rolled lead times extended again in early July during the very weeks no increase was announced, with one product category posting a gain large enough to change the calculus on when buyers should place fourth-quarter orders.
• One raw material input has now advanced in eleven of the last thirteen weeks while another appears to be declining but is not. The distinction carries a specific implication for coated product pricing that is not yet visible in published base prices.

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