U.S. hot-rolled coil (HRC) prices were rising steadily in November and seem poised to continue rising as lead times stretch out four to six weeks. American Metal Market's (AMM) hot-rolled coil index in late November pegged prices averaging $625.20 per ton, up 6.6% from mid-October. Market observers say hot-band could soon climb above $700 a ton if the Trump administration moves ahead with Section 232 tariffs. Despite the recent increases in hot-rolled coil, prices for domestic HRC are not significantly higher than foreign product. Analysts attribute the parity largely to weak domestic scrap prices.