Hot-rolled coil prices in the United States have remained broadly stable despite increasing market jitters about downside risks from lower raw material costs and the potential fallout from the Wuhan coronavirus outbreak in China.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $29.75 per hundredweight ($595 per short ton) on Monday February 3, nearly unchanged from $29.74 per cwt on Friday January 31 - when the index was last calculated - and roughly flat compared with $29.80 per...