US hot-rolled coil index falls; order cancellations continue

April 02, 2020 / www.metalbulletin.com / Article Link

Hot-rolled coil prices in the United States have fallen further due to order cancellations and muted market conditions because of low oil prices and the Covid-19 pandemic.

Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $26.39 per hundredweight ($527.80 per short ton) on Wednesday April 1, down by 1.6% $26.83 per hundredweight on Tuesday March 31 and down by 6.8% from $28.33 per...

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