US HRC Steel prices drop to below $600 a short mark

Published: Jan 19, 2015 10:32

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United States hot rolled cold (HRC) steel weekly average prices dropped to below $600 a short ton mark in the week ended January 09, as per The Steel Index.

UNITED STATES January 16 2015 4:36 PM

NEW YORK (Scrap Register): United States hot rolled cold (HRC) steel weekly average prices dropped to below $600 a short ton mark in the week ended January 09, as per The Steel Index.

The HRC prices breached the $600 a short ton floor on last Friday as the recent price declines show no signs of abating.

Participants noted an overhang of supply as a consequence of an “abrupt slowdown” in certain steel-using sectors.

Delivery lead-times also dipped to 3.9 weeks from order today with spot business concluding as low as $580 a short ton (US$29/cwt) but more commonly changing hands at $600 a short ton mark (US$30/cwt).

HRC The Steel Index

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