CICC: Short-term US steel prices may remain high, while the long-term center may shift upwards.

According to a research report by Zhongjin Company, since the beginning of 2025, the price of hot-rolled coils in the United States has risen by 35% to $900 per ton compared to the beginning of the year, and there is high market attention on the US steel industry. Zhongjin Company believes that under the driving force of tariff policies, the current US steel industry is expected to continue to be in a tight supply situation, and steel prices may remain high in the short term, with the long-term central level possibly moving higher.