US daily hot-rolled coil index up; GM realignment stirs fears

The hot-rolled coil price in the United States was largely steady on Tuesday December 4, moving only 0.2% higher with little market activity reported.

Fastmarkets AMM’s daily US Midwest HRC index inched up to $37.85 per hundredweight ($757 per short ton) on Tuesday, up slightly from $37.77 per cwt the previous day. Lead times stand at around three to four weeks, market participants said. Quiet market The domestic HRC market was quiet on Tuesday, with few transactions or quotes reported to Fastmarkets AMM. Still, several market participants expressed concern over General Motors Co's planned realignment of output at...

Published

Muyao Shen

December 05, 2018

22:06 GMT

New York