Prices for hot-rolled coil in the United States finished the week below $93 per hundredweight ($1,860 per short ton) for the third consecutive day and at its lowest level since late July, with sources saying further price corrections are possible in the coming weeks.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $92.29 per cwt ($1,845.80 per ton) on Friday November 12, down by 0.23% from $92.50 per cwt on Thursday November 11 and down by 0.58% from $92.83 per cwt a week ago.Fresh inputs ranging from $88.00-93.50 per cwt were collected in the producer and distributor sub-indices, with a deal at the high...