US HRC prices gain significantly

UNITED STATES January 22 2016 8:50 PM

NEW YORK (Scrap Register): US HR coil prices gained significantly during the week ended January 15, while major US stainless steel and steel scrap commodities prices on Scrap Register Price Index remained flat.

Spot HR coil prices in the US Midwest firmed during the week as transactions concluded several dollars higher since the turn of the year. 

According to TSI, the daily prices climbed $10 a short ton from one week ago to $393 a short ton FOB Mill. 

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Platts reported that AK Steel, NLMK USA and Nucor all raised HR coil list prices, the latter by $20 a short ton whilst AK Steel and NLMK offers jumped by $30 a short ton.

The prices of major stainless steel scrap commodities like 201 SS, 301 SS, 309 SS, 310 SS and 330 SS showed a flat trend on Scrap Register US Price Index during the week.

However, the prices of major steel scrap commodities like #1 HMS, #1/#2 HMS 80/20 and steel casting also reported almost unchanged on Scrap Register US Price Index during the week.

(This article is compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)