Fastmarkets’ daily steel hot-rolled coil index averaged $55.87 per hundredweight ($1,117.40 per short ton) for the four-day holiday week from Tuesday January 19 through Friday January 22, down by 0.1% from an average of $55.90 per cwt the previous week.
The index was based on the following inputs:
- Assessment at $55.25 per cwt
- Assessment at $56
- Offer at $57.50
- Offer at $55
- Offer at $55
- Assessment at $56
- Offer at $59.50
- Assessment at $55
- Assessment at $55
- Deal at $56 for small tons
- Deal at $55 for small tons
- Assessment at $57
- Deal at $50 for small tons
- Offer at $53
- Assessment at $57.75
- Assessment at $56
- Offer at $54
- Assessment at $53
- Assessment at $54
- Assessment at $60
- Deal at $57 for medium tons
- Offer at $54.50
- Assessment at $53
Fastmarkets specifies volumes under one of the following four categories:
Small: 50-499 tons
Medium: 500-1,999 tons
Large: 2,000-9,999 tons
Extra-large: 10,000 tons or more
Any data submitted under a Data Submitter Agreement will not be published. Fastmarkets uses its expert judgment to exclude outlying or unrepresentative numbers, and discounts or discards prices that it believes might otherwise be questionable and/or unreliable. Discarded inputs are not included in this trade log, but when inputs are discarded, it is noted in the daily market report.
To provide feedback on this trade log or if you would like to provide price information by becoming a data submitter, please contact Grace Asenov at pricing@fastmarkets.com. Please add the subject heading: FAO: Grace Asenov, re: US HRC Index.
To see all of Fastmarkets’ pricing methodology and specification documents, go to https://www.fastmarkets.com/about-us/methodology.
