US hot-rolled coil index steady in calm before Covid-19 storm

US hot-rolled coil prices have been eerily stable because sources along the supply chain fear that lower tags would not increase activity in a market paralyzed by the Covid-19 pandemic.

Fastmarkets daily steel hot-rolled coil index, fob mill US was calculated at $28.06 per hundredweight ($561.20 per short ton) on Tuesday March 24, up by 2 cents from $28.04 per cwt on Monday March 23 and down by 1.6% - or 46 cents - from $28.52 per cwt a week prior on March 17. Inputs were received in a range between $26 and 31 per cwt -...

Published

Michael Cowden

March 24, 2020

21:05 GMT

Chicago