US HRC still below $24/cwt, demand outlook mixed

Hot-rolled coil prices in the United States increased slightly on Wednesday July 8 while remaining under $24 per hundredweight, with market participants split on demand outlook due to continued concerns about the Covid-19 pandemic.

Fastmarkets’ daily steel hot-rolled coil index, fob mill US was calculated at $23.53 per cwt ($470.60 per ton) on Wednesday July 8, a 0.7% increase from $23.36 per cwt on Tuesday July 7, but down 1.9%...

Published

Elizabeth Ramanand

July 08, 2020

23:00 GMT

New York