Sentiment in the US hot-rolled coil market has been mixed but continues to lean bearish, with prices again trending downward over the past week, backsliding to levels last seen in August.
Fastmarkets' calculation of the daily steel hot-rolled coil index, fob mill US averaged $95.93 per hundredweight ($1,918.60 per short ton) during the week ended Friday October 22, down by 0.54% from $96.45 per cwt the week prior but still nearly triple the $33.58 per cwt recorded during the same week one year prior.Heard in the marketAfter vaulting to a record high of...