US hot-rolled coil index dips on economy, virus fears

Prices for hot-rolled coil in the United States fell slightly on Wednesday March 11 as fears about the impact of the novel coronavirus (2019-nCoV) on global economies deepened, market participants said.

Fastmarkets' daily steel hot-rolled coil index, fob mill US finished the day at $28.81 per hundredweight ($576.2 per short ton), down 0.3% from $28.89 per cwt a day ago, and down 4.2% from $30.08 per cwt one week earlier.
Inputs were received in a wide range of $26-31 per cwt, as buyers are being quoted a variety of price levels depending on the mill. 
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