US hot-rolled coil prices remain volatile around $30 per hundredweight ($600 per short ton) on hopes that longer lead times will allow mills to keep prices stable.
But persistent concerns about demand - amid heightened fears that the coronavirus could hurt the broader economy - have kept buyers on the sidelines, sources said.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $30.22 per cwt ($604.40 per ton) on Tuesday January 28, up by 1.4% ($0.42 per cwt) from $29.80 per cwt on Monday January 27 and up by 1.8% ($0.53 per...