Hot-rolled coil prices in the United States remained soft after buyers expressed bearish outlooks for the near-term market on falling domestic ferrous scrap prices, soft demand from certain end-user markets and uncertainty generated by the Wuhan coronavirus.
Fastmarkets' daily steel hot-rolled coil index, fob mill US ended Wednesday February 5 at $29.67 per hundredweight ($593.40 per short ton), up by 0.3% from $29.57 per cwt a day ago but down by 1% from $29.98 per cwt a week earlier on...