US hot-rolled coil index still below $97/cwt, outlook bearish

Hot-rolled coil prices in the United States rose slightly on Monday October 11 compared with the previous business day but continue to reflect what market participants feel is a post-peak downward trajectory.

Fastmarkets’ daily steel hot-rolled coil index, fob mill US was calculated at $96.83 per hundredweight ($1,936.60 per short ton) on Monday, up by 0.04% from $96.79 per cwt on Friday but down by 0.86% from $97.67 per cwt one week earlier. Fresh...

Published

Abby Verret

October 11, 2021

21:33 GMT

Seattle