While hot-rolled coil prices in the United States remain mostly steady, market participants are increasingly unsettled over what the spread of the novel coronavirus (2019-nCoV) may portend for the domestic steel market.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $30.21 per hundredweight ($604.20 per ton) on Friday March 6, down 0.4% from $30.33 per cwt one day prior but up 2.9% from $29.37 per cwt one week earlier. Inputs were received at $28-31...