US hot-rolled coil index slips; demand weaker than expected

Hot-rolled coil prices declined further in the United States, with some mills aggressively pursuing spot market deals in order to fill their order books and some steel consumer sectors showing worse-than-expected first-quarter performance, market participants said.

Fastmarkets' steel hot-rolled coil index, fob mill US was calculated at $28.79 per hundredweight ($575.80 per short ton) on Wednesday February 12, down by 1.4% from $29.21 per cwt the day before and down by 3% from $29.67 per cwt a week earlier on February 5.
Heard in the market

Prices have fallen significantly week on week, moving below $29 per cwt for the first time since January 3, after...

Published

Muyao Shen

February 12, 2020

23:05 GMT

New York