US HRC Steel prices decline further to $591 a short ton

Published: Jan 23, 2015 09:29

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United States hot rolled cold (HRC) steel weekly average prices declined further by $7 a short ton week-on-week to $591 a short ton in the week ended January 02, as per The Steel Index.

UNITED STATES January 22 2015 3:33 PMTweet
NEW YORK (Scrap Register): United States hot rolled cold (HRC) steel weekly average prices declined further by $7 a short ton week-on-week to $591 a short ton in the week ended January 02, as per The Steel Index.

US Midwest index fell heavily earlier on in the week as steel producers assess their options in a market seemingly struggling to deal with an oversupply of material.

Buyers reported a sharp downturn in purchasing activity as the fallout from the collapse in oil prices becomes apparent.

The knock-on effect on steel has led to, for example, pipe producers retreating to the side-lines and a halt in oil tanker production. Other sectors continue to perform admirably and may support overall market demand.

For Latest Steel and Stainless Scrap Prices log on to Scrap Register

Prices for major steel and stainless scrap commodities in United States remained unchanged on Scrap Register Price Index as on Thursday.

United States hot rolled cold (HRC) steel prices

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