US hot-rolled coil pricing reached $800/st Friday as lower-priced offers were said to dissipate on the news the US would implement a 25% tariff on steel imports. 

The daily Platts TSI US HRC assessment was calculated at $800/st Friday, up $7.25/st from 

Thursday, reflecting a seven-year high. HRC prices were last above $800/st in May 2011. 

A US mill reported selling 2,000 st of HRC at $780/st earlier in the week. However by Friday, 

market participants were unable to find HRC under $800/st with one mill offering at $810/st. 

For HRC, "$800 is the number and mills won't take anything less," one mill source said. 

An integrated mill offered a service center HRC at $800/st for a multi-thousand ton inquiry to 

begin  the week, but by Friday the mill had decided to wait until the market settles next week 

before revisiting the quote. The mill indicated to the service center source a possible increas

e in prices by the start of next week. 

While  US  HRC  prices continued  to  trend  higher,  cold-rolled  coil  prices jumped as mills 

continued  to  implement  higher  prices  throughout  the  week. A mill sold 300 st of CRC at 

$950/st after raising its offers for the material from $920/st last week. 

"Selling right now is easy, if you have the availability," the mill source added.