US hot-rolled coil index slips; spot supply tightens further

Hot-rolled coil prices in the United States dipped slightly once again - remaining under $97 per hundredweight ($1,940 per short ton) for the fourth consecutive business day - while spot tonnages remained scarce and contract negotiations for 2022 supply were said to be in the final stretch.

Fastmarkets’ daily steel hot-rolled coil index, fob mill US was calculated at $96.79 per cwt ($1,935.80 per ton) on Wednesday October 13, a decrease of 10 cents (0.10%) from $96.89 per cwt on Tuesday October 12 and down by 53 cents (0.54%) from $97.32 per cwt a week earlier.  Fresh inputs were received...

Published

Rijuta Dey Bera

October 13, 2021

21:52 GMT

New York