09
Feb
20:48
US HRC prices continue to erode
Hot rolled coil prices continue to erode in the US market, with domestic mills in stiff competition to win limited orders and service centres continuing to hold off on spot market purchases as they work through high priced inventory.
Spot market prices for HRC declined another $100/short ton this week, falling to $1,120-1,200/st, ex-works mill, market participants tell Kallanish. Prices are down more than $400/st since the start of the year.
One Midwest mill sour…
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Anonymous
Very good overview of the weekly steel market.
Anonymous