Hot-rolled coil prices declined in the United States while the public-health efforts to halt the spread of the novel coronavirus continued to diminish industrial production and demand for steel sheet.
Fastmarkets' daily steel hot-rolled coil index, fob mill US, was calculated at $24.42 per hundredweight ($488.40 per short ton) on Monday April 13, down by 0.6% from $24.57 per cwt on Thursday April 9 and down by 4.6% from $25.61 per cwt on Monday April 6. The price was not updated on Friday April 10 because US financial markets were closed for the Good Friday holiday. Lead times have crept within the...