Trade log: US HRC – Nov 23-25, 2020

Fastmarkets publishes trade logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies.

Fastmarkets’ daily steel hot-rolled coil index, fob mill US was calculated in a range of $38.80-$39.08 per hundredweight ($776-781.60 per short ton) for the three-day holiday week from Monday November 23 through Wednesday November 25. The weekly average was $38.96 per cwt, up by 6.2% from an average of $36.69 per cwt the previous week.

The index was based on the following inputs:

  • Offer at $41 per cwt
  • Deal at $38 for medium tons
  • Assessment at $38
  • Deal heard at $39.50
  • Assessment at $40
  • Assessment at $39
  • Assessment at $38.75
  • Offer at $41
  • Assessment at $37.25
  • Deal at $37 for small tons
  • Assessment at $39
  • Assessment at $40
  • Assessment at $41
  • Offer at $40

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Any data submitted under a Data Submitter Agreement will not be published.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 Fastmarkets’ pricing methodology and specification documents, go to https://www.fastmarkets.com/about-us/methodology.

What to read next
In the weeks following confirmation that the cobalt market will face an additional three months of no exports from the Democratic Republic of Congo (DRC), metal prices have consolidated as participants point to the future for bullish sentiment.
Explore the implications of the 50% tariff on the pulp market, impacting trade dynamics and costs for industries reliant on pulp.
The global copper market has finally received the widely anticipated news that imports to the US will be tariffed from August 1. The finer details of the tariffs, including their scope, and whether key copper-exporting nations like Chile, Canada and Peru will be exempt, remain unclear.
Understand how recent tariff decisions are affecting the European pulp and paper industry and trade with the US market.
Battery recyclers remain under pressure, with tight margins among black mass producers and refiners amid a host of challenges for the industry, according to delegates at Fastmarkets Lithium Supply and Battery Raw Materials Conference 2025, which took place in Last Vegas, Nevada, from June 23-26
The 2025 Fastmarkets Lithium Conference in Las Vegas highlighted critical issues shaping the battery supply chain, including lithium oversupply, funding struggles and the need for midstream investment. Discussions also emphasized the importance of interdependence with China and the challenges faced by recyclers amid policy uncertainty and market headwinds.