US HRC index consolidates around $34/cwt

Hot-rolled coil prices in the United States hovered around $34 per hundredweight ($680 per short ton) while domestic mills continued offering hot band at the newly stabilized price

Fastmarkets’ daily steel hot-rolled coil index, fob mill US was calculated at $34.25 per cwt ($685 per ton) on Monday December 12, up by 0.74% from $34.00 per cwt on Friday December 9 and by 0.29% from $34.15 per cwt a week earlier.

Inputs were received in the buyer and seller sub-indices in a range of $33-35 per cwt, including deals, mill offers and assessments.

Heard in the market

The spate of price increases announced by multiple mills have stabilized hot band prices in the United States, market participants said.

Some sources expressed skepticism about how many active spot deals are being struck at around $35 per cwt, considering the approaching winter holidays and seasonal slowdown before the Christmas break.

Prices have stabilized, and US mills might announce another price increase before the end of the year
Steel distributor


What’s next for the ferrous supply chain and scrap and steel prices? Join leading industry experts and make new connections in Dallas at Scrap & Steel North America on January 17-19. Register today.

What to read next
Market participants are cautiously optimistic about a rebound in iron ore concentrate premiums, with steelmakers around the world set to ramp-up production in line with an anticipated increase in demand for steel products, Fastmarkets understands
General Motors (GM) is investing $650 million to develop the Thacker Pass mine in Nevada, the largest known source of lithium in the US and the third largest in the world
Electrolysis processes developed by Boston Metal and Electra that eliminate the need for coal in steel production could be key to a net-zero emissions future for the metallics industry, attendees learned at Fastmarkets’ conference on January 17-19 in Dallas
Low supply, strong demand to spur scrap prices higher in Feb, market says
US deep-sea ferrous export prices from the East Coast to Turkey have plateaued, with a Turkish mill purchasing a cargo at prices stable from the last-reported sale
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.