Prices for hot-rolled coil in the United States weakened after market participants said lead times are narrowing and service centers are not as hungry for inventory this month.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $93.17 per hundredweight ($1,863.40 per short ton) on Tuesday November 9, a decrease of 1% from $94.11 per cwt on Monday and down by 0.7% from $93.83 per cwt a week ago.Fresh inputs were collected in the distributor and consumer sub-indices in a...