US hot-rolled coil index rebounds on hopes virus, oil impact will be limited

摘要

Prices for hot-rolled coil in the United States have rebounded following a steep drop at the beginning of the week, but prices remain closer to the $29-per-hundredweight ($580-per-short-ton) level than the $30-per-cwt level that characterized the spot market just a week ago. Fastmarkets’ daily steel hot-rolled coil index, fob mill US, was calculated at $28.89 per hundredweight ($577.80 per ton) on Tuesday March 10, up by 1.1% ($0.31 per cwt) from $28.58 per cwt on Monday but down by 3.7% ($1.11 per cwt) from $30 per cwt a week earlier.