Hot-rolled coil (HRC) prices in the US market rebounded last week, primarily due to continued inventory reductions at steel mills and the impact of import tariffs. Market participants said that tighter supply provided support for prices. 

On the other hand, Canadian Algoma Steel recently obtained significant government funding to address US trade measures and implement modernization efforts, indirectly boosting US prices. 

The US's 50% import tariff on Canada and Mexico has forced the American mills to increase production capacity even during annual maintenance periods. However, actual demand remains weak, leading to a decline in cold-rolled coil and galvanized steel prices. Future trends may depend on changes in scrap prices and a recovery in demand.