Hot-rolled coil prices in the United States have gone down again, with market participants reporting even lower prices but noting that those price levels were not generating buying interest due to a lack of demand amid the Covid-19 pandemic.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $24.63 per hundredweight ($492.60 per short ton) on Friday April 17, down by 1.2% from $24.94 per cwt on Thursday April 16 and down by 20.3% from a year-to-date high of $30.91 per cwt reached on January 15.