US HRC index still above $30/cwt; staying power hazy

Hot-rolled coil prices in the United States remained above $30 per hundredweight on Friday January 10, with domestic flat-rolled steel mills holding firm on higher prices after their fifth increase since late October of last year.

Fastmarkets' daily hot-rolled coil index, fob mill US was calculated at $30.38 per cwt ($607.60 per short ton) on Friday, little changed from 30.48 per cwt a day earlier.
Sources reported lead times in a wide range of three to seven weeks. 
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Published

Muyao Shen

January 10, 2020

23:32 GMT

New York