US hot-rolled coil index holds below $97/cwt for 3rd day

Hot-rolled coil prices in the United States remained under $97 per hundredweight ($1,940 per short ton) after market participants said restocking is not widely needed and that pricing may have peaked.

Fastmarkets’ daily steel hot-rolled coil index, fob mill US was calculated at $96.89 per cwt ($1,937.80 per ton) on Tuesday October 12, little-changed from $96.83 per cwt on Monday October 11 but down by 0.51% from $97.39 per cwt one week earlier. Fresh inputs were collected in the producer and distributor sub-indices in a range of...

Published

Dom Yanchunas

October 12, 2021

21:44 GMT

New York