US hot-rolled coil index below $93/cwt twice in a row; market bearish

November 12, 2021 / www.metalbulletin.com / Article Link

Prices for hot-rolled coil in the United States rose slightly, but remained among the lowest level in months, with market sentiment still primarily bearish.

Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $92.50 per hundredweight ($1,850 per short ton) on Thursday November 11, up slightly from $92.33 per cwt on Wednesday and down by 1.94% from $94.33 per cwt on November 4.Fresh inputs ranging from $89-94 per cwt were collected in the...

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