Fastmarkets’ daily steel hot-rolled coil index, fob mill US was calculated in a range of $30.02-30.99 per hundredweight during the week ended Friday October 2. The weekly average stood at $30.41 per cwt, up by 1.7% from an average $29.90 per cwt a week earlier.

The index was based on the following inputs:
  • Deal at $30 per cwt for small tonnage
  • Assessment at $29.40
  • Assessment at $29.25
  • Assessment at $30
  • Offer at $32.25
  • Assessment at $30
  • Assessment at $30
  • Assessment at $30.25
  • Assessment at $30
  • Offer at $30
  • Assessment at $30.50
  • Offer at $31
  • Assessment at $28.50
  • Assessment at $30
  • Assessment at $28.75
  • Offer at $30
  • Assessment at $30.50
  • Assessment at $30.25
  • Assessment at $29.50
  • Assessment at $29.50
  • Deal at $31.25 for small tons
  • Offer at $32
  • Assessment at $31.50
  • Offer at $30
  • Assessment at $29.50
  • Offer at $30
  • Offer at $30
  • Deal at $30 for large tons
  • Offer at $31
  • Offer at $32
  • Assessment at $28.50
  • Assessment at $30.25 
  • Offer at $32.25
  • Assessment at $31
  • Assessment at $30.50
  • Offer at $32.50
  • Deal at $30.50 for medium tons
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Any data submitted under a Data Submitter Agreement (DSA) will not be published.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 Fastmarkets’ pricing methodology and specification documents, go to https://www.fastmarkets.com/about-us/methodology.