Hot-rolled coil prices in the United States have plunged below $25 per hundredweight ($500 per short ton) on fears that demand won't recover in the first half of 2020.
Fastmarkets' daily steel hot-rolled coil price, fob mill US, was calculated at $24.68 per cwt ($493.60 per ton) on Tuesday April 7, down by 3.6% ($0.93 per cwt) from $25.61 per cwt on Monday April 6 and down by 8% ($2.15 per cwt) from $26.83 per cwt a week earlier on March 31.HRC prices are at a new low for 2020 and below $25 per cwt for the first time since early November...