Hot-rolled coil prices in the United States might have peaked on high output and market predictions that ferrous scrap prices might weaken in February, some sources warned.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $29.69 per hundredweight ($593.80 per short ton) on Tuesday January 21, down by 0.8% from $29.94 per cwt on Friday January 17 and down by 2.7% from $30.52 per cwt a week earlier on January 14. The...