US hot-rolled coil index stable; eyes on mill output cuts

Prices for hot-rolled coil in the United States were mostly stable on Wednesday March 25, with domestic steelmakers showing little willingness to lower prices dramatically and questions emerging about whether more mills will announce production cuts that could help offset the drop in demand, sources said.

Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $28.33 per hundredweight ($566.60 per short ton) on March 25, up by 1% from $28.06 per cwt on Tuesday and a 0.4% increase from $28.23 per cwt one week earlier. Inputs were received in a range of...

Published

Muyao Shen

March 25, 2020

20:52 GMT

New York