US hot-rolled coil prices remained roughly flat on Tuesday November 19 amid deepening concerns among buyers that a recent upward trend might be running out of steam.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $26.60 per hundredweight ($532 per short ton) on November 19, roughly unchanged from $26.64 per cwt on November 18 but up by 2% from $26.08 per cwt a week ago on November 12.Market ChatterInputs were received in a broad range of approximately $23-28 per cwt. The lower end of that range was representative of deals concluded at lower, discounted prices.The higher end...