US hot-rolled coil index steady in calm before Covid-19 storm

摘要

US hot-rolled coil prices have been eerily stable because sources along the supply chain fear that lower tags would not increase activity in a market paralyzed by the Covid-19 pandemic. Fastmarkets daily steel hot-rolled coil index, fob mill US was calculated at $286 per hundredweight ($561.20 per short ton) on Tuesday March 24, up by 2 cents from $284 per cwt on Monday March 23 and down by 1.6% - or 46 cents - from $28.52 per cwt a week prior on March 17. Inputs were received in a range between $26 and 31 per cwt - a spread of $5 per cwt. Lead times were in a similarly wide range between approximately three and eight weeks, according to market participants and mill schedules.