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Home / Metal News / US HRC Steel prices continue to decline to $682 a short ton

US HRC Steel prices continue to decline to $682 a short ton

iconJun 6, 2014 17:28
United States hot rolled cold (HRC) steel prices continued to decline by $4 a short ton or 0.6% week-on-week to $682 a short ton in the week ended May 30th this year.

NEW YORK (Scrap Register): United States hot rolled cold (HRC) steel prices continued to decline by $4 a short ton or 0.6% week-on-week to $682 a short ton in the week ended May 30th this year, as per the latest figures released by the The Steel Index (TSI).

According to TSI, the downwards trend continued in the US market as HRC index slid to $682 a short ton.

To compete for orders in the market with readily available domestic material and lower-priced imports, mills were forced to reduce their offers. Increasingly spot deals were being concluded near the $680 a short ton mark.
 

The Steel Index
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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