Hot-rolled coil prices in the United States dropped considerably on Monday October 25, lending credence to the growing number of bearish viewpoints expressed in the market over the past several weeks.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $93.45 per hundredweight ($1,869 per ton) on Monday October 25, down by 2.03% from $95.39 per cwt on Friday October 22 and down by 2.91% from $96.25 per cwt one week earlier.This marks the lowest price for the...