US HRC index drops on poor demand created by virus

February 08, 2020 / www.metalbulletin.com / Article Link

Hot-rolled coil prices went down again in the United States after buyers reported seeing more weakness in certain steel end-user sectors as a result of the Wuhan coronavirus outbreak.

Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $29.64 per hundredweight ($592.80 per short ton) on Friday February 7, down by 0.2% from $29.71 per cwt the day before and down by 0.3% from $29.74 per cwt a week earlier on January...

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