US hot-rolled coil index above $94/cwt; sentiment still bearish

November 09, 2021 / www.metalbulletin.com / Article Link

Hot-rolled coil prices in the United States moved back above $94 per cwt on Monday November 8, but most participants feel prices in this market are still trending downward as a whole.

Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $94.11 per hundredweight ($1,882.20 per ton) on Monday November 8, up by 1.38% from $92.83 per cwt on Friday and down by 0.59% from $94.67 per cwt a week ago.Fresh inputs ranging from $93-96 per cwt were received in the producer and distributor sub-indices, with general market assessments reflected at...

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