Hot band prices in the United States took a drop on Friday March 13, with market participants unsure about how to navigate the potential impact of the novel coronavirus (2019-nCoV).
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $28.25 per hundredweight ($565 per short ton) on Friday March 13, down by 2.9% from $29.09 per cwt the day before and down 6.5% from $30.21 per cwt a week earlier on March 6. Lead times range between seven and eight weeks, according to mills' lead times sheets and sources.Heard in...