22
May
19:07
US HRC spot prices increase, CRC holds steady
Spot pricing for hot rolled coil in the US has crept up by $10/short ton this week, with some market participants expecting a return to a weakening trend soon..
Prices for HRC are now range in a range of $760-805/st, up from $750-805/st last week. Cold rolled coil spot prices are flat week-on-week at $1,130-1,150/st, Kallanish learns.
The market players are "extremely cautious and confused," observes one mill source. "Buyers are not sure what to ma…
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Anonymous
Very good overview of the weekly steel market.
Anonymous